Answered step by step
Verified Expert Solution
Question
1 Approved Answer
b) Dentex Plastics Corporation produces no breakable containers for cosmetics, using three departments: Mixing, Modling and Finishing. On January 01, 2009 molding department received
b) Dentex Plastics Corporation produces no breakable containers for cosmetics, using three departments: Mixing, Modling and Finishing. On January 01, 2009 molding department received 8000 units from mixing department @Rs.10 per unit. 7000 units were transferred to finishing department. 500 units are still in process. Cost added by the molding department: Direct Material Direct Labour F.O.H Rs.40,000 Rs.35,000 Rs.10,000 Degree of Completion for in process inventory is as under: 50% complete as to direct material 25% complete as to direct Labour 10% complete as to FOH Degree of Completion for units lost is as under: 30% complete as to direct material 50% complete as to direct Labour 10% complete as to FOH Required:- Prepare cost of production report for the molding department.
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