ANANDA NARAYANAN 02 April 2018
Please do clarify me the below:
1. In any given sum how to arrive at the %age of overheads allocation in job costing, All the questions are giving info about materials and labour. If we are able to find out one OH (Factory Overheads) based on the info in the question we shall be able to arrive at remaining OH values.
Is there any standard of %age of this ?
How it has to be solved ?
2. If the question is silent about the profit margin can we take in by dafult as cost+ 33 %age ?
CMA INTER 2016 SYLLABUS
COSTING - JOB COSTING
ILLUSTRATION : 6 PG NO : 245
Looking forward for the help.
Thank you in advance