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PLEASE COST ACCOUNTING EXPERT SOLVE THESE PROBLESM I NEED QUICK. THANK YOU Q:1) The following data have been recorded for recently completed Job 623 on

PLEASE COST ACCOUNTING EXPERT SOLVE THESE PROBLESM I NEED QUICK. THANK YOU

Q:1)

The following data have been recorded for recently completed Job 623 on its job cost sheet. Direct materials cost was Rs. 3,340. A total of 45 direct labor-hours and 121 machine-hours were worked on the job. The direct labor wage rate is Rs. 15 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is Rs. 17 per machine-hour. The total cost for the job on its job cost sheet would be:

Q 2)

Nizar Corporation had only one job in process on June 1, the job had been charged with Rs.3,400 of direct materials, Rs.4,640 of direct labor, and Rs.9,200 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of Rs.23.00 per direct labor-hour. During June, the following activity was recorded:

Raw materials (all direct materials):

Beginning balance

8,500

Purchased during the month

42,000

Used in production

49,500

Labor:

Direct labor-hours worked during the month

2,250

Direct labor cost incurred

27,520

Actual manufacturing overhead costs incurred

52,800

Inventories:

Raw materials, June 30

?

Work in process, June 30

34,190

Work in process inventory on June 30 contains Rs.7,940 of direct labor cost.

Calculate amount of Cost of Goods Manufactured for the month of June?

Q 3)

Irfan Inc, instituted a new process in October, during which it started 10,000 units in Department H. Out of 10,000 units, 1,000 units, a normal number, were lost during the process: 7,000 were transferred to Department B: and 2,000 remained in work in process inventory at the end of the month, 100% complete as to materials and 50% complete as to conversion cost. Materials and conversion cost of Rs. 27,000 and Rs. 40,000, respectively, were charged to the department in October.

The cost of work in process inventory at the end of month:

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