Variable production cost , Cost Accounting

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

Posted Date: 3/18/2013 6:36:36 AM | Location : United States

Related Discussions:- Variable production cost , Assignment Help, Ask Question on Variable production cost , Get Answer, Expert's Help, Variable production cost Discussions

Write discussion on Variable production cost
Your posts are moderated
Related Questions
You are the CFO of a Hospital. Suppose that your projected average daily reimbursement is $100, 000 and your average collection day is 40 days. What is your hospital's annual cost

Make-or buy and relevant costs - The assembly division of Davenport, Inc., is bidding on an order of 50,000 smart phones. The division is eager to get this order because it has a s

1. Issuance of stock Prepare journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases: a. Jacks

what is rowan incentive system

One item a computer store sells is supplied by a vendor who handles only that item. Demand for that item recently changed, and the store manager must determine when to replenish it

West Industries is a highly decentralized corporation with independent operating divisions. Each division is evaluated and rewarded based on its total net income. One of the divisi

Using the table below, calculate the amount of overall increase of your purchasing power over the period of 5 years given the annual investment return rates and annual inflation ra

Direct and Indirect costs Recall such direct costs are costs which can be traced particularly to the end product of the production procedure while indirect costs cannot be so

Determine the additional cash a company could obtain from its working capital accounts if it can improve its average collection period by three days and inventory turnover by 0.5 t