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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)
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Cost of Production Report.
For the Month of December 2012
I-Quantity Schedule:
Units received previous dept # 20,000
Unites completed and transfer out 12,000
Unites still in process 8,000
20,000
II-Cost Accumulated in the Department / Process:
Cost received from preceding department is Rs.10, 000
Cost added by department-11:
Direct Material Rs. 40,000
Direct Labor Rs. 50,400
Factory overhead Rs. 67,200 Rs. 1, 57,600
Rs. 1, 67,600
III-Calculation of Equivalent Units Production:
(100% of completed units + % of units in process) + Previous department units
Direct Material (12,000x100%)+(8,000x100%) = 20,000 Units
Direct Labor (12,000x100%)+(8,000x60%) = 16,800 Units
F.O.H (12,000x100%)+(8,000x60%) =16,800 Units
IV- Unit Cost:
Previous department = Total cost /Number of units = 10,000 / 20,000 = Rs. 0.50
Direct Material 40,000/ 20,000 = 2.00
Direct Labor 50,400 /16,800 = 3.00
F.O.H 67,200 / 16,800 = 4.00
Rs. 9.00
Rs. 9.50
V- Apportionment of the Accumulated Cost to Finished Goods:
Cost of units transferred to the next department
No of completed units x Total cost per unit:
12,000 x 9.50 = 1, 14,000
Units in process:
Cost of preceding department (8,000 x 0.5) = Rs. 4,000
Direct Material (8,000x100%) x 2.00 = Rs. 16,000
Direct Labor (8,000x60%) x 3.00 = Rs. 14,400
F.O.H (8,000x60%) x 4.00 = Rs. 19,200
53,600
Rs. 1, 67,600
_____________________________________________________________________
2no mein sy kn sa thk solution hy???????????????????
Dono he theak hain dear bs calulation kar lana tori. Zahid Hayat wala bikul theak hai
g zahid hayat wala solution bilkul theak hai
Becoz zahid hayat nay bilkul book walay method sy kiya hai
thanks to all....................
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