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Hello Everybody,

please share solutions of 2nd assignment of  MGT 402

Thanks for your sharing in advance.

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Quantity schedule

Unit started and process

Unit transfer to the next department          14000

Unit still in process                                           3500

Unit lost in process                                           700

Cost charge to department and cost added by the department

 Direct material                             210000

Direct labor                                     77000

FOH                                                  38500

 Total                                          325500

Cost accounted for as  follows:

Transferred to next department

14000*19.2

Work in process inventory

Direct material (3500*100*12)  42000

Direct labor  (3500*50*4.8)        8400

FOH               (3500*50*2.4)         4200

Total cost accounted for as follows:

Equivalent production

Direct material (14000+3500*100)  17500

Labor and FOH (14000+3500*50)  15750

Unit cost                                       210000/17500  =   12

Direct material                             77000/15750    =  4.8

Direct labor                                   38500/15750    =  2.4

Total                                                                               19.2

kindly  share abnormal loss and normal loss...

how we calculate them :(

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