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mgt101 GDB-2 part-1

RAW MATERIAL            20000

PURCHASE                  100000

                                  60000

FRIGHT                          1000

-----------------------------------

COST OF GOOD CONS   181000

DIRECT LABOUR            50000                             181000+   80000= 261000

FACTORY O/H              211000                              261000-50000=211000

=============================

FACTORY/CONV COST    261000

is this correct??????

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g bilkul

Excellent

check formula given on ch 16 page 104

With Detail please

At the year end, no inventories were found in hand except work in process which was twice of the balance as on 31st December 2014.
Guyes look is main kaha gaya hy k at the end of the year koi inventory ni found ki gai except WIP(work in process) k jo k 31st dec 2014 k balnce se double tha.
means k 31st ki jo closing stock tha wo e to 1st jan k opening stock tha na.
opening stock WIP tha 8,000 to is wqt double yani k 16,000 WIP closing stock hy.

humey closing raw material chahiye .....yeh to closing work in process hai 16000

dear qstion m wo khd kh ra h k closing inventory ni h soo closing material = 0.

  simpleeee

sahi kha app nay yani 1st part ka ans 181,000.....but second part mein confusion hai about conversion cost ...........direct labour +factory overhead= conversion cost aur inn ki seprate amount day kar   50,000 aur 70,000 yeh kah dya gya hai k but conversion cost jo use hoyi haai woh 80 ,000 yeh confusion kaisey door ho gi 

marketing manager ki salary overhead cost nahi hai

Bhai lecture no.16 mein hai k Nanager ki salary overhead hai... lect 16- 24 minutes pe dekho

supervisor ki salary hai wo marketing manager ki nahi

IS this correct.

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