COST AND MANAGEMENT ACCOUNTING (MGT402) ASSIGNMENT NO. 02 DUE DATE: 1ST JULY 2013

[Arslan Khan]

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)

[Ch Asad]

koi btaye yahan tk theek hai

[sadia]

faizan bhai mere pass unit of cost 19.33 a rahi hai

kai ye correct hai?

[faisal javed]

ya 27.180344 kasay aya?

[bushra anjum]

Sallam to All anyone please guide me for calculation of abnormal loss in Assembling Department.

[shahnawaz]

Assalam o Alaikum to all,

can anybody share completely 2nd and 3rd dept solution. help needed please

[saad sadia]

plz tell me how to calculate the abnormal loss in 3rd deptt..

[Major Khan]

AOA Faizan raza bhai, maynay department 2 ka abnormal loss nikala hay 380 k kreeb
wo be just direct material labor or FOH ko add ker k abb iss ko kisi main plus minus be kerna hay kia please reply soon every one,

[ALi RAZA]

koi complete solution upload kar day

[tehrim]

Faizan Raza assignment soultion upload kardou so that hum ans compare kar saky

[Ch Asad]

yaaaaaaaaaaaaaaaaaaaar koi kr dye assignment solution uploadddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd

[tehrim]

nahi bhai bas amounts btaa dou

[azmay]

ager kise ny kar lee ha to help me plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz