From the following information, prepare Job No. 15, and Job No. 16 accounts in the job cost ledger:
|
Job No. 15 Rs. |
Job No. 16 Rs. |
|
|
Direct materials |
9,600 |
4,800 |
|
Materials received from stores |
67,200 |
57,600 |
|
Direct wages |
38,400 |
20,000 |
|
Other direct expenses |
4,000 |
2,000 |
The production overheads are to be taken at 100% of wages and administration overheads at 20% of the production cost. The contract price of Job No. 15, which is completed, is fixed at Rs. 2,20,000. Job No. 16 is in progress.