SEMESTER SPRING 2016
COST &MANAGEMENT ACCOUNTING (MGT402)
ASSIGNMENT # 01
DUE DATE: 18th July, 2016 MARKS: 10
TOPIC TO BE TESTED:
Cost of Production Report.
To understand the Cost of Production Report (CPR) in terms of units schedule,
equivalent units produced and per unit cost.
Company ABC instituted a new process in March, during which it started 24,000 units in
department A. During the month 14,000 units were completed and transferred to the
department B. 8000 units (completed 25% with respect to materials and completed 50%
with respect to labor and FOH) were still in the process at the end of March. Remaining
units were destroyed (normal loss) during processing. Costs incurred by the department A
were: materials Rs. 180,000, labor Rs. 140,000 and FOH Rs. 100,000
By considering the above information, you are required to prepare
1. Quantity schedule for “Department A”
2. Schedule of Equivalent Units Produced for “Department A”
3. Schedule of per unit cost calculations for “Department A”
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Arbab, Meri b Same calculations ai hen
Jamal Ahmed Khan email, cell no sharing is not allowed at the site next time be care.thanks
Dear Students Don’t wait for solution post your problems here and discuss ... after discussion a perfect solution will come in a result. So, Start it now, replies here give your comments according to your knowledge and understandings....
Sir but no productive Idea has shared yet. plz guide
Units started in process 24,000
Units complete 14,000
Units In process 8,000
Units Lost 2,000
Schedule of Equivalent Units Produced for “Department A”
Direct material 24,000+(8,000*25%) = 26,000
Direct Labor 24,000+(8,ooo*50%) =28,000
FOH 24,000+(8,000*50%) =28,000
Schedule of Per Units Cost for “Department A”
Direct Material 180,000/26,000 = 6.92
Labor 140,000/28,000 = 5.00
FOH 100,000/28,000 = 3.57
Cost of units transfer to next department
14,000*15.49 = 216,860
bare afsoos ki bath hai, people proudly saying they have done it but dont have guts to share..................ye lo
U R GREAT JAMAL
bus 1st pert sahi hai baqi 2nd aur 3rd dono ghalt hain jamal sahab
zubair bro ri8 or wrong hi krte rehein gae ya kuch share b krein gae?? if u done than plz share solution idea
ye wrong solution hai