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”
Grace period of extra 24 hours after the due date is usually available to
overcome uploading difficulties. This extra time should only be used to meet
the emergencies and above mentioned due dates should always be treated as
final to avoid any inconvenience.
Take help from internet for collecting the information.
Carefully watch relevant lectures and consult the relevant material
from handouts along with recommended books.
Attempt the assignment by yourself and it will be entertained
OTHER IMPORTANT INSTRUCTIONS:
Make sure to upload the solution file before the due date on VULMS.
Any submission made via email after the due date will not be
Use the font style “Times New Roman” or “Arial” and font size “12”.
It is advised to compose your document in MS-Word format.
You may also compose your assignment in Open Office format.
Use black and blue font colors only.
RULES FOR MARKING
Please note that your assignment will not be graded or graded as Zero (0), if:
It is submitted after the due date.
The file you uploaded does not open or is corrupt.
It is in any format other than MS-Word or Open Office; e.g. Excel,
PowerPoint, PDF etc.
It is cheated or copied from other students, internet, books, journals
Note related to load shedding: Please be proactive
As you know that Post Mid-Term semester activities have been
started and load shedding problem is also prevailing in our country
now a days. Keeping in view the fact, you all are advised to post
your activities as early as possible without waiting for the due date.
For your convenience; activity schedule has already been uploaded
on VULMS for the current semester, therefore no excuse will be
entertained after due date of assignments, quizzes or GDBs.
Friends you can also see the Assignment no 1 of cost and management accounting from attachment
Friends share your thought and ideas for this Assignment ....thanks
take lecture 20 example 2nd
Please Discuss here about this assignment.Thanks
Our main purpose here discussion not just Solution
We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.
bros and sisters.....consult practice question at page 139 (Ginza beauty products),it is similar to our assignment
Part 2 : Schedule of equivalent units produced for department A = 22, 000 units after calculations. Is it right? ???
Part 3 : Schedule of per unit cost :
Anyone tell me is it right? ??
i hv done submitted
Part 3 answer of unit cost is 24.6 after calculations ????
yes 24. somthing
zubair ...aap ki unit cost kya nikli hai after calculations????
bro plz help me... and than send me this assignment plzzz
if you have done to 2sron ko q bta rhe he. apko chahye k 2sron ki help kren.
yes i can join my group on fb