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plz, solve these questions I have 4 minutes only to submit it The input given to a process is 1,500 units at a cost of
plz, solve these questions I have 4 minutes only to submit it
The input given to a process is 1,500 units at a cost of OMR 16,000. Normal loss expected is 5% of input. Material cost is OMR 6,000. Other direct expenses are OMR 5,000. The output of the process is 1,425 units. The lost units have a scrap value of OMR 1 per unit. Determine the cost finished output? a. OMR 27,075 b. OMR 27,000 O c. OMR 26,925 O d. OMR 28,500 On 1 February 2020, 900 units were there in the work in process inventory of Process Q. 2,000 units were introduced during February and 2,400 units are completed. How many units will be there in the ending work in process? a. 400 units b. 1,500 units C. 1,100 units O d. 500 units Which of the following is incorrect about job costing system? a. There is no work-in-progress at the end of a period b. Cost control is very easy compared to process costing c. There is no work-in-progress in the beginning of a period d. Costs are not transferred from one job to another job During 2020, the input given into a process is 16,000 units and the cost incurred is OMR 24,000. Normal loss expected was 4.5%. The actual output obtained from the process is 15,400 units. The scrap value of lost units is OMR 3 per unit. What is the cost per unit? a. OMR 1.50 b. OMR 1.56 C. OMR 1.43 d. OMR 1.64Step by Step Solution
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