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Q-3. During the month of March, 2018 the following costs were incurred in department No. 2 of Mian Paints Industry: Materials cost Rs.9,000, Labour
Q-3. During the month of March, 2018 the following costs were incurred in department No. 2 of Mian Paints Industry: Materials cost Rs.9,000, Labour cost Rs.4,250, F.O.H cost Rs.5,100. During the month 20,000 units with a total cost of Rs.38,000 were transferred into department 2 from Department No, 1. Of these 15,000 units were completed and transferred to department No. 3 and 4,000 units were in process on 31 March being 3/4 complete as to materials, 1/2 complete as to labour and factory overhead. Required: A cost of production report of department 2 for the month of March, 2018. (10 marks)
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