Scribd
Upload
26 views2 pages

Full Jobcost Template Assessment

The document is a job cost statement for job reference WTM4678RUG(L), detailing costs associated with direct materials, labor, and overheads, totaling a production cost of £3308.50. After accounting for non-production overheads and a profit margin, the total cost to the customer is £7044.47, which includes VAT. Additionally, there is a note indicating an incorrect figure used in the calculations.

Uploaded by

Ludmila Dorojan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
26 views2 pages

Full Jobcost Template Assessment

The document is a job cost statement for job reference WTM4678RUG(L), detailing costs associated with direct materials, labor, and overheads, totaling a production cost of £3308.50. After accounting for non-production overheads and a profit margin, the total cost to the customer is £7044.47, which includes VAT. Additionally, there is a note indicating an incorrect figure used in the calculations.

Uploaded by

Ludmila Dorojan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Job Cost Statement Job Ref: WTM4678RUG(L)

Direct Materials: £ £ £
Material Weaving 42kg@£12 504.00
WT1 Finishing 12.5kg@£12 150.00
654.00
Material Weaving 7.5kg@£22.50 168.75 Pass 33/34, Excellent work Well
WT27 Finishing1.2kg@£22.50 27.00 195.75

Material Weaving 0kg@£3.50 0.00


WT44 Finishing 0.5kg@£3.50 1.75 1.75
Total Material Cost 851.50

Direct Labour:
Skilled Weaving 32hrs@£14.25 456.00
Finishing 17hrs@£14.25 242.25 698.25

Unskilled Weaving 7hrs@£9.75 68.25


Finishing 2hrs@£9.75 19.50 87.75
Total Labour Cost 786.00

Direct Expenses:
Machine Hire 900.00
PRIME COST 2537.50

Production Overheads
Weaving 46hrs@£15 690.00
Finishing 19hrs@£4.50 81.00 Incorrect figure used in calcula
Total Production Overheads 771.00

PRODUCTION COST 3308.50

Non-Production Overheads
Administration 12% 304.50
Selling &Distribution 15% 496.28
Total Non- Production Overheads 800.78

TOTAL COST 4109.28

Profit Margin 30% 1761.12

Selling Price 5870.39

VAT 20% 1174.08

Cost to Customer 7044.47


Workings
Dept Fixed Overheads Labour Hours Machine Hours
Weaving £450,000 30000
Finishing £270,000 60000

Weaving
Pass 33/34, Excellent work OAR
Well done £15.00 per machine hour
Finishing OAR £4.50 per labour hour

Incorrect figure used in calculation -1

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy