Latest Activity In Study Groups

Join Your Study Groups

VU Past Papers, MCQs and More

We non-commercial site working hard since 2009 to facilitate learning Read More. We can't keep up without your support. Donate.

ASSIGNMENT QUESTION:
Alec Ltd. is one of the largest electronic equipment producers in the country. It
undertakes the work according to the consumer tastes and preferences. Following data is
for the December 2012.
Cost from department - 1 Rs. 10,000
Cost added in department - 2:
Material Rs. 40,000
Labor Rs. 50,400
FOH Rs. 67,200
The quantity schedule shows that 20,000 units were received during the month from the
department - 1 and 12,000 units transferred to finished goods storeroom. 8,000 units in
process were 100% complete as to material and 60 % complete as to the conversion cost.
By using the above information, you are required to prepare/calculate:
1. Quantity schedule. 02 Marks
2. Cost accumulated in the department. 06 Marks
3. Accounting treatment / Cost apportionment. 09 Marks
4. Equivalent production units for material & conversion cost. 03 Marks
5. Per unit cost. 07 Marks
(NOTE: 03 MARKS FOR GOOD FORMATTING AND PRESENTATION)

Views: 3388

Attachments:

Replies to This Discussion

Friends the solution of this question is available in your book you can solve this by seeing the lec # 20 in your handouts at page # 136...

please after solving this put your answers i want to telly my answers....

Only for you.....

Attachments:

SOLUTION IDEA:

Friends the solution of this question is available in your book you can solve this by seeing the lec # 20 in your handouts at page # 136…
please after solving this put your answers i want to telly my answers….

My answers are:
Quantity schedule. 20,000
Cost accumulated in the department. Rs.167,000
Accounting treatment / Cost apportionment. 319,124
Equivalent production units for material & conversion cost.20000,20000,16800,16800 respectively
Per unit cost. 15.76, 2, 3 , 4 respectively n sum is 24.76

……………..

1- QUANTITY SHEDULE
Units transferd 12000
in process 8000
2- cost accumulated
deprtmnt 1 10000
material 40000
labor 50400
FOH 67200 167600
3- accounting treatment
12000 x 9.5 114000
units in process
from dep 1 8000 x .5 4000
matrl 8000 x 2 16000
labor 4800 x 3 14400
foh 4800 x 4 19200
4- Equivalent units
material 12000 + 8000 20000
conversion cost 12000 + 4800 16800
unit cost
previous deprtmnt 10000/20000 0.5
material 40000/20000 2
labor 50400/16800 3
foh 67200/16800 4
per unit cost total 9.5
please share ur solution if this is incorrect.

…………

unit cost
previous deprtmnt 10000/20000 0.5
material 40000/20000 2
labor 50400/16800 3
foh 67200/16800 4
per unit cost total 9.5

…………..

my answers are:-
1. 20,000 units
2. Rs. 167,600 (Hint, it must be 100% same as given in question)
3. Cost of units manufactured = 12,000 x 9.5 = 114,000
Units in process 4,000 + 16,000 + 14,400 + 19,200 = 53,600 . So 114,000+53,600=167,600
(Hint, it must be same as given in question and calculated in req-2)
4. 20,000, 20,000, 16,800, 16800 Units
5. (10,000/20,000= 0.50), (40,000/20,000=2.00), (50,400/16,800=3.00), (67,200/16,800=4.00)
sum of all is Rs. 9.50



My answers are:

Quantity schedule. 20,000

Cost accumulated in the department. Rs.167,000

Accounting treatment / Cost apportionment. 319,124

Equivalent production units for material & conversion cost.20000,20000,16800,16800 respectively

Per unit cost. 15.76, 2, 3 , 4 respectively n sum is 24.76

 

nice work done

madiha yh kase solve kia hi apne

1- QUANTITY SHEDULE
Units transferd 12000
in process 8000

2- cost accumulated
deprtmnt 1 10000
material 40000
labor 50400
FOH 67200 167600
3- accounting treatment
12000 x 9.5 114000
units in process
from dep 1 8000 x .5 4000
matrl 8000 x 2 16000
labor 4800 x 3 14400
foh 4800 x 4 19200
4- Equivalent units
material 12000 + 8000 20000
conversion cost 12000 + 4800 16800
unit cost
previous deprtmnt 10000/20000 0.5
material 40000/20000 2
labor 50400/16800 3
foh 67200/16800 4
per unit cost total 9.5

please share ur solution if this is incorrect.

per unit cost for total is calculated by this formula....

so tell me if i did wrong because mine first answer is not matched with yours

Total cost/ Number of Equivalent units produced = 157,600/10,000 = 15.76

please any one tell me when we calculate units in process than kya hum % ko per unit cost se multiply krty hn ya total amount ko....

unit cost
previous deprtmnt 10000/20000 0.5
material 40000/20000 2
labor 50400/16800 3
foh 67200/16800 4
per unit cost total 9.5

unit cost es trah calculate ho gi 

total cost 167600 hi ap ne above 3 lac kahan se calculate kr li 

Mera b same yhe answer aya hy  

RSS

Looking For Something? Search Below

Latest Activity

+ "αяsαℓ " Ќąƶµяɨ •" replied to Sophie's discussion Reference letter
3 hours ago
Sophie posted a discussion
11 hours ago
⭐ "Mannat"⭐✔️ liked Black Bird Scientist's discussion graphic designer required
11 hours ago
+ ! zεε liked иαвєєℓ αнмє∂'s discussion CS619 Project Students
16 hours ago
Hamid left a comment for jiya ali
17 hours ago
Hamid and jiya ali are now friends
17 hours ago
Usama shahid joined + M.Tariq Malik's group
yesterday
Profile Iconsria aslam, Khawir Abbas and Sana Shafaq joined Virtual University of Pakistan
yesterday

VIP Member Badge & Others

How to Get This Badge at Your Profile DP

------------------------------------

Management: Admins ::: Moderators

Other Awards Badges List Moderators Group

© 2021   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service