Chapter-7 Job Costing

Exercise

            An invitation card maker by name ‘Job-1’ wants to get job wise report. You are requested to maintain books for him with your regn.no. The following are the details for jobs.

Job: Wedding Invitation                   Job No: I-108             Client:  Varadharajan

  1. Purchased from Standard Papers:  Papers – 2.0 Rm                                Rs.916
  2. Purchased from Best inks: Inks – 5 Bt                                                     Rs.480
  3. Paid to DTP centre for designing                                                             Rs.250
  4. Quality Screens sent bill for film making                                     Rs.400
  5. Consumption:  Paper – 2 Rm & Ink – 4 Bt
  6. Wages paid to Staff                                                                                  Rs.720
  7. Refreshments incurred for this job                                                           Rs.62
  8. Electricity charges allotted to this job                                                      Rs.288
  9. 1 ink bottled transferred to Job I-109                  
  10. Bill raised to client for 500 Invitations                                                     Rs.4000

Job: Grahapravesham          Job No: I-109             Client:  Harishankar Prasad

  1. Purchased from Standard Papers:  Papers – 3.0 Rm                          Rs.1104
  2. Purchased from Best inks: Inks – 7 Bt                                               Rs.574
  3. Paid to DTP centre for designing                                                                   Rs.150
  4. Quality Screens sent bill for film making                                           Rs.300
  5. Consumption:  Paper – 2.75 Rm & Ink – 8 Bt
  6. Wages paid to Staff                                                                            Rs.1100
  7. Refreshments incurred for this job                                                     Rs.140
  8. Electricity charges allotted to this job                                                Rs.462
  9. Balance paper kept as reserve for next jobs               
  10. Bill raised to client for 500 Invitations                                                           Rs.4750