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MGT402 Current Mid Term Papers Spring 2014 & Past Mid Term Papers at One Place Date: June 07 to June 18, 2014

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ALL I GOT FOR MIDS... SOME FILES CAN BE SAME..

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iqra jahangir  thanks for sharing 

so thnx iqra

Thank You

iqra jo file ap sy send ki h wo open nai ho rai 

Useful Information here. Thanks

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Mine MGT402 12-June-2014 (Overseas Paper)

Q1)Kelly Enterprises started the period with 150 units in beginning inventory that cost Rs. 2 each. During the period the company purchased inventory items as follows:

Units Purchased Per Unit Cost (Rs.)
1 200 3.00 
2 150 3.10 
3 50 3.50

Required: Ending inventory consisted of 200 items. Using the periodic inventory system, calculate the cost of goods sold under FIFO method.

Q2) Patacake Ltd. produces a certain food item in a manufacturing process. On 1st November, there was no opening stock in process. During November, 500 units of material were put in to process, with a cost of Rs. 9,000. Units completed and transferred-out were 400 units. Direct labor cost in November was Rs. 3,840. Production overhead is absorbed at 200% of direct labor costs. Closing stock on 30th November consisted of 100 units which were 100% completed as to materials and 80% completed as to labor and overhead.

Required
1. Prepare the Quantity Schedule.
2. Calculate the Equivalent production units for material, labor and FOH for the month of November.

Q3) Transferred out 22,000 units and units lost at beginning of production 500. Units in process at end of period 2,500 units which were complete as to materials, 1/2 complete as to labor and factory overhead

Required: Compute Equivalent Production of Material, Labour and FOH

Q4) Attached as Image

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Usama Gee  Gud keep it up & thanks for sharing 

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