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Job Costing

Job Costing. Sample Questions & Solutions. Job Costing. The total cost of a job came to €3,645 Calculate the cost of each component to the nearest cent if the costs were broken down as follows: Materials 1/3 Labour 5/12 Profit margin 1/6 VAT 1/12. Job Costing.

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Job Costing

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  1. Job Costing Sample Questions & Solutions

  2. Job Costing • The total cost of a job came to €3,645 • Calculate the cost of each component to the nearest cent if the costs were broken down as follows: • Materials 1/3 • Labour 5/12 • Profit margin 1/6 • VAT 1/12

  3. Job Costing Convert fraction to % (divide top by bottom)

  4. Job Costing • Three carpenters work for 2 weeks constructing a roof. They work 9 hours a day for 4 days and 8 hours on the fifth day each week. From the table below, calculate the net pay for the three carpenters after allowances and deductions.

  5. Job Costing Total hours = 4 x 9 + 8 = 44 44 – 39 = 5 hours (overtime) €22 x 39 = €858 €33 x 5 = €165 (hourly rate x 1.5) €1.55 x 5 (days) = €7.75 €1.8 x 5 (days) = €9 Total Gross = €1,039.75 - Tax @ 21% = €218.35 Net wage = €821.40 X 3 = €2,464.20 Answer NB* always take the time to read each question fully to be sure of what answer is required. In this example, the total for the 3 carpenters was requested.

  6. Job Costing • It takes 3,000 meters of flooring to complete one house. How much would it cost to floor 18 houses given the following information? 0.25 x 3,000 = €750 2% = 15 Subtotal €1,252.50 €125.25

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