Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please do only if u can do in 5 minutes or else let others try. 5 A manufacturing company produces two commodities X and Y.

image text in transcribed

Please do only if u can do in 5 minutes or else let others try. 5 A manufacturing company produces two commodities X and Y. Related data for the year 2011-12 are as follows: Commodity X Y Rs. Rs. Number of units produced 5,000 3,000 Direct expenses : Raw material used 16,020 11,735 Wages 9,430 7,846 Other direct expenses 6,950 4,719 Other expenses : Supervisor's salary 5,824 Selling and distribution expenses 1,504 Administrative expenses 1,918 Prepare a cost sheet showing the cost of each commodity taking the following into consideration : (a) Works overhead will be charged in the ratio of prime cost. (b) Administrative expenses will be apportioned in the ratio that works cost of X bears to similar cost of Y. (c) Selling and distribution expenses will be apportioned in production ratio

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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

12th Edition

978-0073526706, 9780073526706

More Books

Students also viewed these Accounting questions