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Q-1. Metro Manufacturing Co Ltd produces a Mango Juice and uses process costing. The cost incurred by the bottling department during the month of
Q-1. Metro Manufacturing Co Ltd produces a Mango Juice and uses process costing. The cost incurred by the bottling department during the month of January 2021 was as follows: Direct material cost Direct labor cost Factory overhead The quantity schedule provided the following information; Units received from Mixing department (Previous Department) Units completed and transferred Units completed but in hand Rs. 9,000 Rs. 4,250 Rs. 5,100 20,000 @ Rs.2.0 each 15,000 4,000 Remaining Units lost during the process consider as normal Loss. Units in process were 75% complete as Material and 50% as to Labor and FOH. Requirements: Prepare a cost of production report (all 4 sections) for the bottling department for the month of Jan 2021.
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