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MGT402 Cost & Management Accounting GDB Spring 2020 Solution & Discussion

MGT402 Cost & Management Accounting GDB 1 Solution & Discussion Spring 2020


MGT402 GDB Solution Idea:


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MGT402 GDB Solution Spring 2020

The solution given by Tariq sir is correct

MGT402 Cost & Management Accounting GDB Solution & Discussion Spring 2020


MGT402 GDB Solution Idea:

 

Q1:

Under or over applied Factory Overhead (FOH)

Actual factory overhead cost

50,000

Capacity attained x application rate

 

(40000*150%)

(60,000)

Underr applied

(10,000)

 

 

Q2:

Compute coste of goods sold at actual

 

Cost of goods to sold at normal

290000

Less over applied FOH

10000

Cost of goods sold at Actual

300000

 

 

Q3: The net income of Ali & Company will be affected increased if Under/Over applied FOH cost is not adjusted appropriately in cost of goods sold statement.

 

 

 

 

Download attachment for MGT402 GDB Solution file.

MGT402_GDB_Sol_S2020

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