Budgeted and actual fixed costs per month , Cost Accounting

Using  the  information below, list profit statements  for June and July using  (a) margin
costing and (b) absorption costing.

A company produces and sells 1 product only which sells for Rs. 50 per unit. There were  no stocks at the end of May and other information is as follows:
         
                                                                                       Rs.
  Standard cost per unit 
  Direct material                                                                 18
  Direct wages                                                                     4
  Variable production overhead                                              3
        
Budgeted and actual fixed costs per month  
    Fixed production overhead                                              99,000
    Fixed selling expenses                                                   14,000
    Fixed administration expenses                                       26,000
    Variable selling expenses                                        10% of sales value
 
Normal capacity is 11,000 units per month. 
The number of units produced and sold was: 
 
 
                                                         June       July
                                                        Units       units 
Sales                                              12,800      11,000
Production                                       14,000      10,200

Posted Date: 3/18/2013 6:01:30 AM | Location : United States







Related Discussions:- Budgeted and actual fixed costs per month , Assignment Help, Ask Question on Budgeted and actual fixed costs per month , Get Answer, Expert's Help, Budgeted and actual fixed costs per month Discussions

Write discussion on Budgeted and actual fixed costs per month
Your posts are moderated
Related Questions
You are reviewing a cost proposal, which includes an $800,200 direct material estimate. After Initial examination of the proposal, you note that there are 500 material items, but y

asdfdf afd s

A Market Value Schedule (in one report),for the complex. This schedule should show the market value of the complex at the end of each year of the project.  Valuation method and oth

Seventeen new bathing suit stores enter the Santa Barbara market, joining the seven that already existed. As a consequence, the demand schedule facing Swim N Style (and all other s

An industrial drill costs $60.000 to purchase and $10,000 to install seven years ago. The market value now is $33.000 and this will decline by 12% of current value each year for th

Accounts are prepared according to accounting concepts, principles and conventions. As final accounts are prepared on accrual basis, this becomes essential to subtract all those ex

Q. Let a firm's production function be given by K 0.3 L 0.7 . (i) Sketch (without specific numbers) the shape of the long run average and long-run marginal cost curves of the fir

Explain the respective roles of the Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS) in the setting of accounting standards?

P1 Given the following data:   German Bond U.S. T- Bonds

What type of activity could a company engage in to improve their cash flows in their Cash Flows Statement? Is this ethical? Could borrowing money make the cash from operations be