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Prepare a job cost sheet for Yosemite Tailors for 1,500 uniforms completed in one week, detailing direct materials, direct labor, factory overheads, total production cost, profit, and selling price.

Accounting

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To prepare the job cost sheet for Yosemite Tailors, we will calculate the direct materials, direct labor, factory overheads, total production cost, profit, and selling price for the job of 1,500 uniforms completed in one week.

Assumption: For monthly costs, it is assumed that there are 4 weeks in a month.

Step 1: Calculate Direct Materials.

Cost of cloth=100 bales×GH¢ 250/bale=GH¢ 25,000\text{Cost of cloth} = 100 \text{ bales} \times \text{GH¢ } 250/\text{bale} = \text{GH¢ } 25,000

Step 2: Calculate Direct Labor.

Wages for tailors = 20 \text{ tailors
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