Question
question : 1 Kamran Company produces various types of fertilizer. No beginning units in process or finished units were on hand on January 1, 2015,
question : 1 Kamran Company produces various types of fertilizer. No beginning units in process or finished units were on hand on January 1, 2015, 30,000 finished units were on hand on December 31, 2015 and 95,000 units were sold during the year. There were no units in work in process inventory on December 31, 2015. The material put into production cost Rs. 300,000. 75% were direct material. There was no beginning or ending material inventory. Labor costs were Rs. 350,000, 40% was for indirect labor. Factory overhead costs, other than indirect materials and indirect labors were the following:
Heat, light and power Rs. 115,000
Depreciation 78,000
Factory Taxes 65,000
Repairs and Maintenance 42,000
Selling Expenses were Rs. 80,000 general and administrative expenses were Rs. 50,000.
Calculate Conversion Cost.
question 2 Compute the amount of raw materials used during August if Rs.700,000 of raw materials were purchased during the month and the inventories were as follows:
Inventories
Balance
August 1
Balance
August 31
Raw Materials
25,000
30,000
Work in Process
13,000
16,000
Finished Goods
25,000
27,000
question 3
Mehboob Corporation uses the weighted-average method in its process costing system. The first processing department, the Department A, started in June with 20,000 units in its beginning work in process inventory that were 80% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was Rs. 122,716. An additional 65,000 units were started into production during June. There were 19,000 units in the ending work in process inventory of the Department A that were 10% complete with respect to conversion costs. A total of Rs. 389,250 in conversion costs were incurred in the department during the month.
The cost per equivalent unit for conversion costs for the month is closest to:
question 4 Fahim Corporation uses the weighted-average method in its process costing system. Following are the operating data for the first processing department for the month of June appear below:
Units
Percent Complete with Respect to Material
Beginning work in process inventory.......
45,000
60%
Started into production during June.................
105,000
Ending work in process inventory.....................
27,000
30%
According to the companys records, the material cost in beginning work in process inventory was Rs. 334,954 at the beginning of June. Additional material costs of Rs. 612,899 were incurred in the department during the month.
The cost per equivalent unit (single unit cost) for material costs for the month is closest to:
just give anwser not a solution plz i have only 1 hour
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