Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answers all above thanks 1) ABC company uses Process Costing System. In Dept 1, at the start of the month, there were 10,000 units

image text in transcribed

Please answers all above thanks

1) ABC company uses Process Costing System. In Dept 1, at the start of the month, there were 10,000 units (M: 90%, CC: 60%). The department started 20,000 units into production during the month. At the end of the month, 8000 units were remaining (M: 70%, CC: 50%). The company uses FIFO method, what will be equivalent units of production for the month? 2) XYZ is engaged in manufacturing various types of PVC pipes and uses an Activity- Based Costing system. XYZ's current year's budget shows total overheads at Rs. 500,000. These overheads are divided into the following activities: Controlling Quality - Rs. 100.000 Operating Machinery - Rs. 200,000, Maintaining Machinery - Rs. 50,000 and Setting-up Machinery - Rs. 150,000. The following cost drivers are available: No. of Set-up - 1,875, No. of Quality inspection 5,000, Machine Hours 40,000, Maintenance Hours 1000. For each activity, identify and suggest a suitable Cost Driver. 3) A company is working on its budgeting process for the coming year and currently, the Production department is working to make a production budget. The current year closed with1,400 units of stocks in hand. The company has set a sales target of 2,600 units for the coming year. The production department plans to keep 1800 units as closing stock in the coming year. Based on this data, how much production is needed to achieve the sales target

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions