Variable production cost , Cost Accounting

Assignment Help:

From  the  following  data  write the  standard  cost  card  for  one  unit  of  the  sole  product manufactured.

                                   Standard Cost card for One Unit
Direct Materials              
                                 20 Kgs A @Rs.0.80 per  Kg       
                               15 Kgs B @Rs.2.40 per kg
Director Labour    
                               Preparation 14 hrs @ Rs.3.75 per hour
                               Assembly 5 hrs @ Rs.2.50 per hour

The budgeted full overheads for year:
                                                   Rs.    Hours
Preparation Dept.                        88,000    21,000
Assembly Dept.                          150,000  24,000

The  fixed  overheads  (contained in  the  above  figures)  are  Rs.  25,000  and  Rs.  48,000 respectively.
 
Requirement:  The standard cost card should show sub totals for:

a.  Prime cost
b.  Variable production cost
c.  Total production cost


Related Discussions:- Variable production cost

What are variable costs, Variable costs are the cost that are directly prop...

Variable costs are the cost that are directly proportionate with the quantity of manufacture and or directly associated with the service.

Costing term, Match each of the six following terms with the phrase that mo...

Match each of the six following terms with the phrase that most closely describes it. Each answer may be used only once. _____ 1. Direct costs _____ 2. Fixed costs _____ 3

Standard cost, Standard Cost It is especially serious that you establi...

Standard Cost It is especially serious that you establish a link between standard budgets and costs. At this point, you require putting in your mind to standard costs one the

calculate raw materials inventory value , Tony Allan Inc is a small manufa...

Tony Allan Inc is a small manufacturer of metal products in Toronto.  The company rents its factory building.  It uses a job order costing system because it has a wide variety of p

Calculate the net effective yield, A Government issued a number of index-li...

A Government issued a number of index-linked bonds on 1 June 2000 which were redeemed on 1 June 2002.  Each bond had a nominal coupon rate of 3% per annum, payable half yearly in a

Alternative cost, Mission Foods produces two flavors of tacos, chicken and ...

Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics: Chicken Fish Selling price per taco $3.00 $4.50 Variable cost p

Income received in advance, This is the income received but not earned thro...

This is the income received but not earned throughout the accounting period. Conversely, this is the income for those services are to be rendered in future. Such income is deducted

EXPECTED CASH COLLECTIONS, WORKED EXAMPLES OF EXPECTED CASH COLLECTIONS PAT...

WORKED EXAMPLES OF EXPECTED CASH COLLECTIONS PATTERNS

Cost behavior, maintenance costs at a hospital

maintenance costs at a hospital

Calculate manufacturing overhead for the year, Baka Corporation applies man...

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on t

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd