A-LevelAccountingAnalysis and communication of accounting information9706/12 · Oct/Nov 2013 · Q291 Mark

A company is asked to make a new machine for a customer. It provides the following estimates. materials will cost $1100 labour will be 30 hours at a cost of $14 per hour The company charges overheads at $10 per labour hour and has a mark up of 30% on total cost. What is the price on the job cost sheet?

A$1520

B$1820

C$1976

D$2366

✓ Correct answer

D: $2366

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Topic: Analysis and communication of accounting information, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2013 Paper 1 Variant 2, question 29.

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