Re: ::: vuaskari.com ::: MGT402 assignment 2 solution spring 2013

1.Quantity Schedual

Units Strated in process                                                            18200

Units tramsfered to the next Dep                       14000

Units still in process

100% material and 50% Conversion)                3500

Units lost in Process                                          700

                                                                                                18200

Cost Charged To Departement

                                                                        Total                Units   

                                                                        Rs.                   Rs.

Cost Added by the departments

Direct Material                                                 210000            12.0

Direct Labour                                                   77000              4.8

FOH                                                                38500              2.4

                                                                        325500            19.2

 

 

Cost Accounted For As                                                          Rs.

Transferred to next department                                     268800

(14000 units * 19.2 Rs.)

Work in process Inventory                                Rs.

Direct Material ( 3500 * 100% * 12 units)        42000

Direct Labour ( 3500 * 50% *4.8)                   8400

FOH    (3500 * 50% * 2.4)                             4200 

                                                                                                51600

Total Cost Accounted For                                                        323400

 

Equivalent Production

Direct Material ( 14000 + 3500 *100%)                                  17500

Labour and FoH (14000 + 2500 * 50%)                                  15750

Unit Cost

Direct Material                                                 210000 / 17500 = 12.0

Direct Labour                                                   77000 / 15750   = 4.8

FOH                                                                38500 / 15750   = 2.4

                                                                                                  =19.2

On Sun, Jun 30, 2013 at 11:30 PM, Ali Khann <ddrc14@gmail.com> wrote:

Solution:

Quantity schedule:18200

Cost charged to department:

                  Total cost=115500      unit cost=19.332

Total cost accounted for                                                325479  

Transferred to next department

14000*19.332                                                                270648

Equivalent units produced:

Direct material= 17500

Factory over head=15750

Direct labor=15750

Cost per Units:

Direct material==12

FOH=2.444

Direct labor=4.888

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for more info Visit www.vuaskari.com/index.php
Regards
Ali Khan * ©yberian  *

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
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