Compute the prime cost Rs Direct wages 50,000 Chargeable expenses 5,000 Opening stock of raw materials 10,000 Raw materials bought 60,000 Closing stock of raw materials 20,000 Carriage inwards 1,500 Raw materials returned to 1,500 supplier Carriage outwards 2,000...

The Answer is in the image, click to view ...

Compute the prime cost Rs. Direct wages 50,000 Chargeable expenses 5,000 Opening stock of raw materials 10,000

Question:

Compute the prime cost

image text in transcribed

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

See More Books

Question Posted: Jun 12, 2024 10:10 AM

See More Questions

Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wages paid to seamstresses Thread $ 37,100 25,000 75,700...
Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total Per Unit Sales Variable expenses Contribution margin Fixed expenses $ 450,000 $ 30 180,000 12...
https://pfp.missouri.edu/research/investment-risk-tolerance-assessment/ What did this survey tell you about your Risk Tolerance level According to this instrument, what kinds of investments should...
If OPEC raised the price of oil high enough, would that be sufficient to promote an efficient energy mix?
The Ram Company borrowed $20 000 at 10% compounded semi-annually and made payments toward the loan of $8000 after two years and $10 000 after three-and-a-half years. How much is required to pay off...
Air in a room at T 0 = 300 K and P 0 = 100 kPa is drawn steadily by a vacuum pump through a 1.4-cm-diameter, 35-cm-long adiabatic tube equipped with a converging nozzle at the inlet. The flow in the...
4. The Black-Scholes price for a European put option with S = $40, K = $40, = 0.30, r = 0.08, = 0, and t = 0.25 is $1.99. Use Monte Carlo to compute this price. Compute the standard deviation of...
Evaluate the professional judgment used by Kang and the firm in assessing the client's accounting and reaching its own decision to accept it?
Problem Rose and Jasmine are divisions within the same company. The managers of both divisions are evaluated based on their own division's return on investment (ROI). Assume the following information...
Calculate works cost: Rs. Factory expenses 1,500 Office expenses 500 Selling expenses 1,000 Material consumed 3,500
Compute the prime cost: Rs. Direct materials used 1,00,000 Productive wages 20,000 Royalty paid 15,000 Hire charge of special 25,000 machine for the Job
Comparative Statements of Shareholders? Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. Required: Infer from the...
1. What is a forward contract? 2. Why do you need fx swap ? 3. If the rate is usd to cad, then you multiple by the rate. If converting USD to CAD. If the rate is CAD to USD, then you have to divide...
1. Watch the video on Taylorism. Why do you think Frederick Taylor's ideas were important at that particular point in history, the early 1900s? Explain. 2. How were the Hawthorne studies a major...
what extent do elite networks shape policy and governance, and how transparent are these networks to public scrutiny ? Explain
What strategies do you employ to mediate conflicts within a team to ensure that disagreements are resolved constructively and synergistically?
What goal(s) do you think the communication was intended to achieve? What type of promotional communication is it and why? What do you believe to be the advertising theme or central idea of the...
ABC co need to undertake the project cost of $225,000. There two project are in view project 1 has 6 years life and generate cashflows $70,000 project 2 has 4 years life and generate cashflows...
Digital Fruit is financed solely by common stock and has outstanding 25 million shares with a market price of $10 a share. It now announces that it intends to issue $160 million of debt and to use...
thumbs up if correct A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock torpeither be up 10% or down 10%. The risk-free rate is 1% per annum compounded...
Question 17 2 pts Activities between affiliated entities, such as a company and its management, must be disclosed in the financial statements of a corporation as O significant relationships O segment...
Marchetti Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,000 cases of wine at a price of 200 euros per case. The total purchase price is 200,000...

Compute the prime cost Rs. Direct wages 50,000 Chargeable expenses 5,000 Opening stock of raw materials 10,000

Question:

Rs. Direct wages 50,000 Chargeable expenses 5,000 Opening stock of raw materials 10,000 Raw materials bought 60,000 Closing stock of raw materials 20,000 Carriage inwards 1,500 Raw materials returned to] 1,500 supplier Carriage outwards 2,000

Step by Step Answer:

Cost Accounting

Students also viewed these Business questions