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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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Replies to This Discussion

Dear's;
Manager salary ko hm forget nai kr skty because,
Examples of costs that are included in the manufacturing overhead category are:

Depreciation on equipment used in the production process
Property taxes on the production facility
Rent on the factory building
Salaries of maintenance personnel
Salaries of manufacturing managers
Salaries of the materials management staff
Salaries of the quality control staff
Supplies not directly associated with products (such as manufacturing forms)
Utilities for the factory
Wages of building janitorial staff

so that, inclusion of manager salary is necessary.. kindly make solution according to this...

markitng manager salary over head m nhi atiii hy.

lec. no 16 m supervosr ki salary ka kha hy not manager uffffffff

sheryar apka solution fit hy

ooooooooooooooooooOOOOOOOOOOOOOOoooooooookkkkkkkkkkkkkkkkkkkkkkkkkkkkkk

Marketing managers usually are for finished goods so their salaries will not be included in manufacturing of goods.

Raw Material:
Raw Material : 20,000
+Purchase: 1,00,000 + 60,000 + 1,000
Cost of Material Consumed  1,81,000

Conversion Cost:
80,000
+Direct Labor Cost: 50,000
+Factory Overhead: 70,000
Total Factory Cost: 3,81,000

 Work in Process:
Work in Process: 8,000
Cost of Goods Manufactured: 3,89,000

Finished Goods:
Finished Goods: 3,000
Cost of Goods Sold: 3,92,000

jo required hai bs usi ka ans krna hai.. there is no need to make full cost of goods sold ...

but foh 70,000 kaisy aya conversion cost to d.labor or foh ka total hota h ap ne 2 times add ku kr lia enhey

or numan marketing ka foh k sath koi concern ni h ye jxt manufacturing se related h

maketing manger salary kahin par bi nahin aaye gii.jo k 70,000 woh sirf batayi hoyi hain but us ka use kahi par bi nahin hoo ga ........ab impact batao second part kaisey solve hoo ga

exactly mr. zahid.. u r right.

arooj can u pl help.............sahi wali pl share kar dain.........m very much confused

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