[30/01, 04:39] Alam: The following transactions relate to the SHAINA CORP. for the month of November 2015:

Product - A

Product B

Production

10,000 units

8,000 units

Beginning Inventory

1,000 units

900 units

Ending Inventory

2,000 units

100 units

Unit Cost applicable to inventories and Production

Direct Material

Rs. 4 per unit

Rs. 3 per unit

Direct Labour

Rs. 10 per unit

Rs. 20 per unit

Factory Overhead

Rs. 7 per unit

Rs. 14 per unit

Actual FOH was Rs. 182,400, under or over applied factory overhead is to be adjusted in Cost of Goods Sold.

Calculate Manufacturing Cost. [30/01, 04:56] Alam: Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:

Columbia Corporation Income Statement For the Month ended November 30 Sales ($30 per unit) $ 1,200,000 Variable expenses: Variable cost of goods sold 720,000 Variable selling expense 160,000 Total variable expenses 880,000 Contribution margin 320,000 Fixed expenses: Manufacturing 140,000 Selling and administrative 35,000 Total fixed expenses 175,000 Net operating income $ 145,000

During November, 35,000 units were manufactured and 8,000 units were in beginning inventory. Variable production costs have remained constant on a per unit basis over the past several months.

Under absorption costing, for November the company would report a: $125,000 loss $145,000 profit $125,000 profit $120,000 profit [30/01, 04:56] Alam: jaldi jaldi bhej ab soona hai