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CoursHeroTranscribedText: The following data relates to M/s. ZULFIQAR Co. for the month of August 2020...

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CoursHeroTranscribedText: The following data relates to M/s. ZULFIQAR Co. for the month of August 2020 (who maintains Job Order Cost System). DATA a. Material purchased on account Rs. 135,000 b. Material requisitioned and Factory Labour used Material Factory Labour Job No. 201 Rs. 15,000 Rs. 20,000 Job No. 202 Rs. 10,000 Rs. 15,000 Job No. 203 Rs. 22,800 Rs. 14,000 Job No. 204 Rs. 15.200 Rs. 12,000 For general factory use Rs. 5,000 Rs. 8,000 c. Factory overhead cost Incurred on account Rs. 40,800 d. Depreciation of Machinery Rs. 10,000 e. The Factory overhead rate is 120 96 of direct labour cost. 1. Job completed: No. 201, 202 & 203. g. Job No. 201 and 203 were shipped and customers were billed for Rs. 104,000 & Rs. 105,000

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