Question
2 Musa manufacturers Provides you she falloung data for the month of June 2009. Inventories: Materials Work in process - Materials Work in process.. Labour
2 Musa manufacturers Provides you she falloung data for the month of June 2009.
Inventories:
Materials
Work in process - Materials Work in process.. Labour Work in process - -Factory overhead
-------
Rs.
Rs.
Rs.
Finished goods
June 1
18,000
16,000
8,000
9.000
22,500
149
June 30
-22.
Rs.
20,000
Rs.
18,000
Rs.
10,400
Rs.
...a
8,000
-..
Rs.
27,500
Manufacturing costs for the month are as follow:
Direct materials used
- -
Direct labour:
Assembling department @ Rs. 12.00 per hour
Finishing department @ Rs. 15 per hour
Factory overhead is applied according to following rates:
Assembling department @, Rs.10.00 per direct labour hour
Finishing department @ Rs.9.00 per direct labour hour
Rs.
86,000
20.400
30,000
Required:
(a) Prepare a cost of goods manufactured and sold statement for the month.
(b) Calculate unit cost of materials, labour and factory overhead for the production of June assuming that 12,000 units were produced during the month.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started