Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Following data pertains its Dept A of ABC mfg Co. for the Month of Jan 2005 your are required to prepare Cost of Production

The Following data pertains its Dept A of ABC mfg Co. for the Month of Jan 2005 your are required to prepare Cost of Production Report
Units Put in to production Cost Incurred;
Direct Material
Direct Labour
FOH
50,000
Units Completed & Transfer 44,000 Units
WIP Closing 100% material Complete & 40% of 4,000 Units Conversion Cost
Normal Loss is estimated 2% of goods input.
Rs 250,000 Rs 100,000 Rs 150,000
image text in transcribed
The Following data pertains its Dept A of ABC mfg Co. for the Month of Jan 2005 your are required to prepare Cost of Production Report Units Put in to production 50,000 Cost Incurred; Direct Material Rs 250,000 Direct Labour Rs 100,000 FOH Rs 150,000 Units Completed & Transfer 44,000 Units WIP Closing 100% material Complete & 40% of 4,000 Units Conversion Cost Normal Loss is estimated 2% of goods input

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

More Books

Students also viewed these Accounting questions