. (a) The following are the information in respect to a worker who has manufactured 240 articles during the last week of December 2017: Working hours during the week are 48 hours, standard rate Rs. 5 per hour and standard time to manufacture an article is 15 minutes. Calculate his gross wages for the week according to: 1) Piecework with guaranteed weekly wages; 2) Rowan Premium Bonus Plan; 3 Halsey Premium Bonus Plan: 4+5+5 14 Q.1. You are required to report to top management of eastern India engineering company the point of sales in terms of Rupee to break even for the purpose you obtain that: Fixed overheads remain constant at Rs. 12,000 Variable costs will rise zero to Rs.12,000 Selling price is Rs. 600 per ton The tonnage produced and sold is 30 ton Q4. A tactory engaged in manufacturing plastic buckets is working at 40% capacity and produces 10,000 buckets per annum. The present cost break up for one bucket is as under. Material Rs. 10 Labour R5. 3 Overheads Rs. 5(60% fixed) The selling price per bucket Rs.20. Iif factory operates 90% of capacity .A company sells its product at Rs. 15 per unit. In a period if it produces and sells 8,000 units, it incurred a loss of Rs. 5 per unit. If the value is raised to 20,000 units, it earns profit of Rs. 4 per unit. Break even profit in units will be: The cost accountant of M Ltd has ascertained the selling price of a product is Rs.20 per unit. Variable cost is Rs. 15 per unit and break even point is 21,600 units. Management has decided to treat 12,000 units of B.E.P because production department cannot produce more than this at the moment. The The standard cost card shows the following details relating to material requirements for production one kg of groundnut oil: Quantity of groundnut 3 kg . Price of groundnut Rs. 1.50 per kg . Actual production data are : Production during the month 1,000 kg . Quantity used 3,500 kg . Price of groundnut Rs. 2.00 kg Material cost variance will be selling price for 12,000 units B.E.P will be: The following information is given: Material purchased 3,000 kg Value of materials purchased Rs. 9,000 Standard quantity 25 kg for one kg finished goods Standard price Rs. 2 per kg . Closing stock of materials 500 kg Finished goods produced 80 kg. Material usage variance

7. Given for a factory: Normal number of workers in the department: 50 Normal hours paid for in a week: 40 Standard rate of wages per hours: Rs. 0.80 Standard output of the department per hour taking into account normal 20 units In the first week of March, 2016, it was ascertained that 1000 units were produced despite 20% idle time due to power failure and actual rate of wages was Rs. 0.90 per hour. Labour cost variance will be The following information relate to manufacturing process of a company: Number of employees 200 Weekly hours` worked 40 Standard wage rate 50 paise per hour Standard output 250 units per hour During the first week of February 2016, four employees were paid at 45 paise per hour And two employees were paid at 55 paise per hour, the rest of the employees were paid at Standard rate. Idle time is one hour per employee. Actual output was 10250 units . Labour efficiency Variance will be:

The following information relates to the production department of a factory : Material used Rs. 30,000 Direct Labour Rs.20,000 Overheads Rs. 5,000 On an order carried out in the department, direct wages amounted to Rs.3,000 find out the overhead chargeable to this order on the basis of direct wages:Mr. Mahesh has a sum of Rs.3,00,000 which invested in a business , he wishes 15% return on his fund it is revealed from the present cost data analysis that variable cost of operation are 60% of sales and fixed costs are Rs. 1,50,000 p.a. On the basis of this information , you are required to find out the sales volume to earn 15% return. A radio manufacture finds the while it costs Rs. 6.25 per unit to make component M-140 and the same is available in the market at Rs. 5.75 each. Continuous supply is also fully assured, the break down cost per unit as follows: Materials Rs. 2.75 , Labour Rs. 1.75 other variable expenses Rs. 0.50, Deprecation and other fixed cost Rs. 1.25 what would be your decision , if the supplier offered the component at Rs. 4.85 per unit? In a purely competitive market 10,000 pocket transistors can be manufactured and sold and certain profit is generated, it is estimated that 2,000 pocket transistors need to be manufactured and sold in a monopoly market to earn the same profit, Profit under both the conditions is targeted at Rs. 2,00,000. The variable cost per transistor is Rs. 100 and the total fixed costs are Rs. 37,000. You are required to find out selling price per transistor under competitive conditions. A firm has given the following data: Fixed expenses at 50% Rs. 15,000 , fixed expenses when factory is close down Rs. 10,000 , additional expenses in closing down Rs. 1,000 production at 50% capacity 5,000 units contribution per unit Rs. 1 .Advise whether to run the factory or close it down :Given for a factory: Normal number of workers in the department: 50 Normal hours paid for in a week: 40 Standard rate of wages per hours: Rs. 0.80 Standard output of the department per hour taking into account normal 20 units In the first week of March, 2016, it was ascertained that 1000 units were produced despite 20% idle time due to power failure and actual rate of wages was Rs. 0.90 per hour. Labour cost variance will be: