Cost job - FIN806

Maram factory orders 10 cakes of 4KG for the Labor’s day. The financial manager of the Factory (Sana  Ahmed) visits Al marzooq Bakery to ask them to prepare the needed cakes. The sales person (Ahmed Salman) suggests different flavors and decorations for the cakes. The financial manager of Maram factory chose chocolate flavor. The sales person estimates the materials, labor and overhead costs as follows:

•Total materials costs= BD100

•Total labor costs= 80

•Total overhead costs= 10

•Quotation will be valid for one weeks.

•Customer address Road#5487, Manama , Tel# [phone]

•Customer ID (AAN021)

•Al marzooq  Bakery address Street# 5442, Manama, Tel# [phone] Fax# [phone]

•Transportation method by Bus.

•The bakery applies 10% as a profit margin (Mark up) on the total cost

Total costs

• 100 + 80 + 10 = BD190

• 100 + 80 = BD 180

Maram factory orders 10 cakes of 4KG for the Labor’s day. The financial manager of the Factory (Sana  Ahmed) visits Al marzooq Bakery to ask them to prepare the needed cakes. The sales person (Ahmed Salman) suggests different flavors and decorations for the cakes. The financial manager of Maram factory chose chocolate flavor. The sales person estimates the materials, labor and overhead costs as follows:

•Total materials costs= BD100

•Total labor costs= 80

•Total overhead costs= 10

•Quotation will be valid for one weeks.

•Customer address Road#5487, Manama , Tel# [phone]

•Customer ID (AAN021)

•Al marzooq  Bakery address Street# 5442, Manama, Tel# [phone] Fax# [phone]

•Transportation method by Bus.

•The bakery applies 10% as a profit margin (Mark up) on the total cost

The selling price (The bakery applies 10% as a profit margin (Mark up) on the total cost

• 190 + ( 10% *500 )=BD 240

• 190 + ( 10% * 190 )=BD209

Maram factory orders 10 cakes of 4KG for the Labor’s day. The financial manager of the Factory (Sana  Ahmed) visits Al marzooq Bakery to ask them to prepare the needed cakes. The sales person (Ahmed Salman) suggests different flavors and decorations for the cakes. The financial manager of Maram factory chose chocolate flavor. The sales person estimates the materials, labor and overhead costs as follows:

•Total materials costs= BD100

•Total labor costs= 80

•Total overhead costs= 10

•Quotation will be valid for one weeks.

•Customer address Road#5487, Manama , Tel# [phone]

•Customer ID (AAN021)

•Al marzooq  Bakery address Street# 5442, Manama, Tel# [phone] Fax# [phone]

•Transportation method by Bus.

•The bakery applies 10% as a profit margin (Mark up) on the total cost

The price per cake

• 240 / 10 =BD24.000

• 209 / 10 =BD20.900

The normal balance of cash in

• debit

• credit

• non of the above

The supplies used consider as

• Capital

• Drawing

• Expense

• Assets