A-LevelAccountingTraditional costing methods9706/12 · Oct/Nov 2023 · Q241 Mark

A company has been asked to quote a price for a specific job. Estimated costs are as follows: direct materials $2000 direct labour $3300 Overheads are charged at 50% of labour cost. Profit is 20% of the total job cost. What is the total of the quotation for the job?

A$5300

B$6360

C$6950

D$8340

✓ Correct answer

D: $8340

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Topic: Traditional costing methods, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2023 Paper 1 Variant 2, question 24.

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