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Assignment:
Superior Products Manufacturer Limited (SPML) manufactures industrial products that go through
three processing departments – molding, assembling and finishing. The information pertains to the
operations of the molding department for May, 20X3 is as follows:
Units started in molding department 18,200
Cost incurred in molding department: Rs.
Direct material 210,000
Direct labor 077,000
Factory overhead 038,500
14,000 units were completed and transferred to the assembling department during the month of May.
There were 3,500 units as to still-in-process (completed up to 100% material and 50% conversion cost).
700 units were lost during processing and it was treated as normal loss.
Following is the information pertaining to the operations of the assembling department:
11,000 units were completed and transferred to the finishing department. 2,200 units were in process
and completed up to 100% material and 70% conversion cost. Cost incurred in the department is as
follows:
Rs.
Direct material 2,200
Direct labor 45,000
Factory overhead 33,000
During final inspection at the end of the process, it was discovered that 800 units were lost owing to
unavoidable spoilage.
9,000 units were completed in the finishing department and transferred to the store room. 1,500 units
were still in process (converted 30%) and 500 units were lost which were 70% converted but not
charged for any direct material. This loss is to treat as abnormal loss. Cost incurred in finishing
department is:
Rs.
Direct labor 52,000
Factory overhead 41,000
Required: Prepare following schedules for all three departments by using the above information:
a) Quantity Schedule (3 Marks)
b) A schedule of cost to be charged by each department (7 Marks)
c) A schedule of total cost accounted for (7 Marks)
d) A schedule of equivalent production (6 Marks)
e) Cost per unit in each department (3 Marks)
f) Working for normal and abnormal loss (4 Marks)

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Replies to This Discussion

its the total of unit cost

but now i take 4 digits after deciml that is 19.3334 and with that unit cost i get equal amount as 325500

  • hello  mano rano

  • ye apka FOH 4270 kese aaya?

  • D.labour 8557.5 kese?

thanx mano aa gai samjh normal or abnormal loss ka b btao

total cost accounted for  = 325448 this shuld b 375,000 for 1st depart

1.Quantity Schedual

Units Strated in process                                                            18200

Units tramsfered to the next Dep                       14000

Units still in process

100% material and 50% Conversion)                3500

Units lost in Process                                          700

                                                                                                18200

Cost Charged To Departement

                                                                        Total                Units   

                                                                        Rs.                   Rs.

Cost Added by the departments

Direct Material                                                 210000            12.0

Direct Labour                                                   77000              4.8

FOH                                                                38500              2.4

                                                                        325500            19.2

 

 

Cost Accounted For As                                                          Rs.

Transferred to next department                                     268800

(14000 units * 19.2 Rs.)

Work in process Inventory                                Rs.

Direct Material ( 3500 * 100% * 12 units)        42000

Direct Labour ( 3500 * 50% *4.8)                   8400

FOH    (3500 * 50% * 2.4)                             4200 

                                                                                                51600

Total Cost Accounted For                                                        323400

 

Equivalent Production

Direct Material ( 14000 + 3500 *100%)                                  17500

Labour and FoH (14000 + 2500 * 50%)                                  15750

Unit Cost

Direct Material                                                 210000 / 17500 = 12.0

Direct Labour                                                   77000 / 15750   = 4.8

FOH                                                                38500 / 15750   = 2.4

                                                                                                  =19.2

 

frends  my answers are 100% correct...check urs with respect to my answers...

total cost charged by 1 dept = 325500

equvalent units

material = 17500

labor = 15750

FOH = 1570

unit cost

material= 12

labor = 4.889

foh = 2.444

total unit cost = 19.33

apportionment of cost :

completed unit = 270666.667

w.i.p units

material = 4200

labor = 8555.5555

foh- 4277.7777

total= 54833.3332

that finally gives total cost charged = 325500

normal loss or abnormal loss ka b bta doo yeah kya hai????????????????????

normal or abnormal loss ko kaisy treat krna hai

unit cost

material= 12

labor = 4.889??????////

foh = 2.444????//

total unit cost = 19.33?????/

apportionment of cost :

completed unit = 270666.667????????//

w.i.p units

material = 4200???

labor = 8555.5555???

foh- 4277.7777???????

total= 54833.3332?????

u think these all are ri8?

Gul plz tell which lectures should i study to solve this statement?

ap 20 21 22 stdy kreen plz

gul app ka 15750 kaisay aya?

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