Question
2) The Following data pertains its Dept A of ABC mfg Co. for the Month of Jan 2005 your are required to prepare Cost of
2) The Following data pertains its Dept A of ABC mfg Co. for the Month of Jan 2005 your are required to prepare Cost of Production Report
Units Put in to production 20,000
Cost Incurred;
Direct Material Rs 100,000
Direct Labour Rs 102,000
FOH Rs 68,000
Units Completed & Transfer 15,000 Units
WIP Closing 100% material Complete & 50% of 4,000 Units Conversion Cost
Normal Loss is estimated 2% of goods out put.
Required; Cost of Production Report & Equivalent production units.
3)The Following data pertains its Dept A of ABC mfg Co. for the Month of Jan 2005 your are required to prepare Cost of Production Report
Units Put in to production 50,000 Cost Incurred;
Direct Material Rs 250,000
Direct Labour Rs 100,000
FOH Rs 150,000
Units Completed & Transfer 44,000 Units
WIP Closing 100% material Complete & 40% of 4,000 Units Conversion Cost
Normal Loss is estimated 2% of goods input.
Required; Cost of Production Report & Equivalent production units
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