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Hello.. My over all paper was so easy.. Mcq's mostly past se thy ....

In first question one list was given and we have to identify which of the products are examples of job order costing and process costing... Some of the products I remember were cigarettes, Sewing machine , Men's suit, chocolate syrup ... 

Q2. how normal and abnormal losses are treated in cost accounting?

Q.3 Pass the journal entries. data yaad nahi :(

Q.4 Find wages  rate with the help of halsey premium plan and find effective rate of earnings.

Q. 5 same aya tha as given below:

Units transferred to next department                                  40,000
Units still in process (all material, 2/3 labour & FO H)          8,000

               Following costs were added during the process.

                            Materials                               Rs.40,500
                            Labour                                     101,700
                            Factory overhead                       50,500

Required:
             You are required to calculate equivalent units of material, labour and factory

             Overhead and unit cost of material, labour and factory overhead

Good Luck :)

 Heer thanks for sharing ur paper..best of luck for ur result 

Attention Students: You don’t need to go any other site for current papers pattern & questions. Because all sharing data related to current mid tem papers of our members are going from here to other sites. You can judge this at other sites yourself. So don’t waste your precious time with different links. Just keep visiting http://vustudents.ning.com/ for all latest updates.

aj kisi ka paper ni howa

Bismillah,,,,,

Generally Paper was Easy

Total=27

MCQZ=22

3x3

2x5

MCQZ were easy just correct idea about Financial accounting You can solve almost 90 percent without any problem,,,

subjective were also about basic knowledges are are below

Q:1.Wage rate per hour Rs. 4.5
Time allowed for the job 1 hours
Time taken 36 Minutes.
Required:
1. Calculate the Gross earnings of the worker. (From Hasley method)
2. Find out effective “rate of earnings”
Q. 2 Gross profit = 20,000
GP Markup = 15% of cost
Calculate = Sales and cost of goods sold
Q. 3
ABC Co manufactured 1500 Items to fill an order by incurring:
Direct material Rs. 151,000
Direct labor cost 100,000
F.O.H (60% of labor cost) 59,000
Total production cost 311,000
Some of the work was found defective, to make good such loss, following cost was incurred:
Rework cost on defective work
Material Rs. 11,000
Labor 30,000
F.O.H (60% of Labor cost) 15,000
Required: Pass accounting entries to record the cost incurred along with the adjusting entry for re-work cost, treating the loss as:
a) Normal
b) Abnormal
Q.4 Differneciate between Normal And Abnormal Losses with example,,
Q. was lengthy aur time nai bacha tha meray pass…..

 shabbir ghuman thanks for sharing ur paper..best of luck for ur result 

Attention Students: You don’t need to go any other site for current papers pattern & questions. Because all sharing data related to current mid tem papers of our members are going from here to other sites. You can judge this at other sites yourself. So don’t waste your precious time with different links. Just keep visiting http://vustudents.ning.com/ for all latest updates.

Friends , I have following files for kid term exam. These are downloaded from the same forum, please.

Attachments:

Another file, please.

Attachments:

plz tell me k ager fixed 450000 h aur varible 600000 and direct lobour hour 200000
to varible 680000 aur capacity attained 220000 kese ho gai plzzzz tell mera paper h kal

The following information relates to a management consultancy organization:

 

Salary cost per hour (Rs)

Hours Worked for Task XYZ

Senior consultants

400

54

Junior consultants

250

110

Overheads absorption rate per hour

applied to the hours worked of senior

and junior consultants

200

?

 

The organization adds 25% to total cost to arrive at the final fee to be charged to a client.

Required:

What is the final fee to be charged for task XYZ and show complete working also?

Following is the information of ABC manufacturing concern:

 

Wage rate per hour                                         Rs. 3.50

Time allowed for the job                                  21 hours

Time taken                                                        19 hours

 

Required:

1. Calculate the Gross earnings of the worker under Halsey premium plan.

2. Find out effective “rate of earnings

Classification of cost and Allocation\Distribution of cost are very important concepts used in cost and management accounting. You are required to differentiate these two cost concepts in detail.

Predetermined factory overhead rate computed by Al-Habib Industries is Rs. 11 per machine hour. Budgeted factory overhead for activity level of 150,000 machine hours is Rs. 500,000 and for activity level of 100,000 machine hours is Rs. 250,000. Budgeted fixed factory overhead and Budgeted variable factory overhead are Rs. 500,000 and Rs. 200,000 respectively.

 

Required:

Compute the “Budgeted activity level on which the absorption rate is based”.

 

Note: it is necessary to show complete working

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