The following data relates to M/s. ZULFIQAR Co. for the month of August 2020 (who maintains Job Order Cost System). Data Material purchased on account Rs. 135,000 Material requisitioned and

The following data relates to M/s. ZULFIQAR Co. for the month of August 2020 (who maintains Job Order Cost System). Data Material purchased on account Rs. 135,000 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 Factory overhead cost incurred on account Rs. 40,800 Depreciation of Machinery Rs. 10,000 The Factory overhead rate is 120 % of direct labour cost. Job completed: No. 201, 202 & 203. Job No. 201 and 203 were shipped and customers were billed for Rs. 104,000 & Rs. 105,000. Required: Calculate and Write in Provided Box a) Total Direct Material Used b) Total Direct Labour Used c) Cost of Jobs Completed d) Cost of Jobs Sold

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