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WorksheetsJob Costing
Total questions: 25
Worksheet time: 56mins
Which of the following is the correct statement represents job costing
Only includes Prime Cost
To provide selling price of the product
To calculate Cost unit based single job order
To identify the cost of productions
Expressed as a % of cost of job
Expressed as a % of the selling price
Do you need a job card in job costing process?
Yes
No
Which company is least likely to use a process costing system?
paper manufacturer
soft drink bottler
accounting firm
petroleum processor
Which characteristic is the same in both job order costing systems and process costing systems?
types of product costs
flow of cost through the accounts
number of work-in-process accounts
method of record keeping
Conversion costs are
direct material plus labour cost
direct labour plus manufacturing overhead
direct materials plus manufacturing overhead
indirect material plus indirect labour
Product costs of product A is RM75.00 per unit. If vendor wish to sell it at 20% mark-up, how much is the selling price?
RM15.00
RM75.00
RM90.00
RM93.75
BB Jaya sell goods at cost + 25% mark-up. If the product costs is RM22.00 how much will the selling price be?
RM5.50
RM16.50
RM22.00
RM27.50
It is the policy of Hans Cafe to sell product at a 30% mark-up. If a slice of cheese cake is sold for RM13.00 , how much is the profit per slice?
RM3.00
RM3.90
RM13.00
RM16.90
D'Maz sell product at 25% mark-up, if a product is sold at RM100 how much is the cost of the product to D'Maz?
RM20.00
RM25.00
RM75.00
RM80.00
Lela Manja sell soft-drinks at RM1.60 per cup. If price was set-up at a profit margin of 25%, how much is the profit in RM value?
RM0.30
RM0.40
RM0.80
RM1.20
Lela Manja sell soft-drinks at RM1.60 per cup. If price was set-up at a profit margin of 25%, how much is the profit in RM value?
RM0.30
RM0.40
RM0.80
RM1.20
Deera Restaurant sell a dish named keema for RM12.00 per bowl. This price includes a 20% profit margin. How much is the cost?
RM2.40
RM9.60
RM15.00
RM60.00
Piqachu was sell in the market at RM58.00 by TRS. If the company made a 40% profit margin, how much is the costs of Piqachu?
RM23.20
RM34.80
RM87.00
RM145.00
Aemy sell a pack of sliced fruits for RM2.50 in the market. This is after considering 25% mark-up. If she wanted to change the pricing policy to 20% margin, how much is the new selling price?
RM2.00
RM2.25
RM2.50
RM3.125
Isha Aroma sell body perfume for RM12.00 per 10ml. This price was set at 40% profit margin. If she decided to sell a 50ml perfume at 25% margin, how much is the selling price for 50ml body perfume?
RM36.00
RM48.00
RM52.00
RM60.00
Izz Deco sell a sofa set at RM3,200 per unit. The cost of the sofa was RM2,800 per unit. What is the discount rate to display to the customer if the outlet decided to make only RM100 profit per set?
RM300 discount
12.5% discount
9.375% discount
3.125% discount
In a process costing system, manufacturing overhead is assigned to work in process by
Department based on actual overhead costs incurred
Department based on predetermined overhead rates
Job based on actual overhead costs incurred
Job based on predetermined overhead rates
