Mathematics · Job Costing Calculations
Within the framework of Job Costing, a firm receives a special order for a customized piece of machinery. The direct materials cost is ₹50,000, direct labor is ₹30,000, and factory overheads are applied at 100% of direct labor cost. If the company wants to earn a profit of 25% on the total cost, what should be the selling price of this specific job?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹140,000
- 2₹125,000
- 3₹137,500✓
- 4₹110,000
Correct answer
₹137,500
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