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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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Units started in process 24000
Units completed in the department 14000
Units still in process 8000
Units Lost (Normal) 2000
Direct Material 8000 x (25 % x 180,000) =53000
Labour 8000 x (50 % 140,000) =78000
FOH 8000 x (50 % 100,000) = 58000
Direct Material 180,000/53,000=3.4
Please check and give views
take lecture 20 example 2
share the last part
THERE IS NO EXAMPLE 2....IT IS Q.2.....PLZ TELL PAGE NUM.
zargham page no 137 on handouts
yes zubair u r right ......lecture 20 example 2
Assalam o Alaikum dear sis mje cs201 main support chahia
Plz Friends tell me it is right or Wrong
Quantity schedule for Department "A"
Units started in process 24,000
Units complete 14,000
Units In process 8,000
Units Lost 2,000