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Jude Company Limited manufactures Product X; and this product passes through three process A & B& C. In May 2019, 1500 units of the products
Jude Company Limited manufactures Product X; and this product passes through three process A & B& C. In May 2019, 1500 units of the products were made. There was no WIP neither at the beginning nor at the end of the month. The table below shows the Cost Structure of Product X for the two processes; PROCESS A PROCESS B PROCESS C Direct Costs Material costs 90,000 75,000 60,000 Labor costs 75,000 150,000 225,000 Expenses 15,000 18,000 15000 Note: All figures are in THOUSANDS OF RINGGIT MALAYSIA (RM '000) The Total Indirect expenses for the manufacturing Product X is RM 120,000,000. Jude Company has the policy to apportion overhead expenses on the basis Direct Labor Costs. A. Calculate Total Cost that will be ascertained at the end of Process C. B. What is Total Cost per unit for the following costs i. Direct material costs per unit ii. Direct labor costs per unit ii. Direct expenses per unit iv. Indirect expenses per unit C. What is the Process Cost per unit for the following i. Process A ii. Process B ii. Process C D. Assuming there is a Scrap Value of RM 200,000; what would be the new Total cost per unit
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