Question
ABC manufacturing adopts process costing system. The following is an extract of the production data for the month of January 2020. Material cost - OMR
ABC manufacturing adopts process costing system. The following is an extract of the production data for the month of January 2020.
Material cost - OMR 68,520
Labour -OMR 32,000
Overheads - OMR 18,000
Closing work in progress - 2,000 Units( Material 100%and labour and overheads 50% complete)
Output - 8,000 Units
Identify total equivalent units of overheads b. 8,000 unitsd. 9,000 unitsa. 4,000 unitsc. 10,000 units
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Creative Accounting, Fraud And International Accounting Scandals
Authors: Michael J. Jones
1st Edition
0470057653, 9780470057650
