Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

KOWKOW Manufacturer manufactures a single product, NACHILAMAK, which passes through the MASAK Department and BUNGKUS Department. Mandicurine begins in the MASAK Department. All unis are

KOWKOW Manufacturer manufactures a single product, NACHILAMAK, which passes through the MASAK Department and BUNGKUS Department.
Mandicurine begins in the MASAK Department. All unis are then transfered to the BUNGKUS departement.
In the BUNGKUS Department, further materials are added and processed until completion, and transferred to the finished goods inventory. Overhead is allocated on the basis of 80% of direct labour cost.
Work in process in the BUNGKUS Department on 1 February was 40,000 units (Materials: 80% complete; Conversion: 65% complete). The costs included in these units were as follows:
Masak department cost
RM 180000
BUNGKUS Department:
Direct materials:
RM 300000
Direct labour:
RM 500000
Overheads:
RM ?
Units transferred in from MASAK were charged at RM18.20 per unit.
During the month, the BUNGKUS Department completed and transferred 60,000 units to finished goods inventory. The ending work in process for the BUNGKUS Department was 25,000 units (Materials: 70%; Conversion : 60%).
BUNGKUS Department's costs in February were:
Materials added during the month: RM 200000
Direct labour for the month: RM 250000
Overheads: RM?
Required :
a) Prepare the BUNGKUS Department production cost report for the month of
February 2024 using (round up to 2 decimal place) :
(i) Weighted Average method.
(ii) FIFO method.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What are the objectives of Human resource planning ?

Answered: 1 week ago

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago