2b (i) Preparation of the job cost sheet of Akupa Engineering for job Y152: Under the traditional job costing system Job Y152 total costs equals $382,777.59. 2b (ii) Calculation of quotation price for job Y152: Akupa Engineering Ltd.’s profit margin is 25% therefore: Cost price = 75% Profit Margin = 25% Selling Price = 100% The quoted price of Job Y152 will therefore equal $385,777.59/75% x 100% = $514,370.12. I hope that you found this proposed solution helpful! If you did please share it! Also, feel free to ask any questions or to comment below. Best of luck!
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AuthorThe author holds a Bsc (Hons) Degree in Applied Accounting from Oxford Brookes University, England and enjoys a successful career as an Accounting Supervisor and a private tutor. Archives
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