Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A company manufactures two products, Product A manufactured in Process Y and Product B manufactured in Process Z. The following information is available for a period:
Process Y
Process Z
Opening work-in-progress
nil
Raw materials input
$162,180 (18,000 kg)
$210,090
Conversion costs
$94,050
$287,760
Waste material
1,000 kg (Note 1)
Nil
Sales value of waste material
$1.60 per kg
Output of finished product
17,000 kg
12,600 units
Closing work-in-progress
1,500 units (Note 2)
Note 1 - In Process Y the normal amount of waste material is 5% of the weight of raw materials input
Note 2 - In Process Z the closing work-in-progress is 100% complete as to raw material and 60% complete as to conversion costs.
Required
(a) For Process Y, calculate the:
(i) cost per kg of the expected production of Product A; and
(ii) total cost of the finished output of Product A.
(b) For Process Z, calculate the equivalent units of production of Product B in respect of the conversion cost
compare tradition costing and activity costing methods of overheads abpsrption based on production units,labour hourd and machine hours
Bases of Cost Classification These various bases of cost classification are summarized in the diagram underneath as: Here, we will usually refer to either of these ter
explain advantages of marginal costing
Estimate Fixed Overhead Variances Referring to data, we can estimate the fixed overhead variances as given below: Budget for December 2003;
Comparison between Marginal Costing and Absorption Costing There are accountants who favour all costing method. Arguments in favour about absorption costing are specified a
Example of High - Low Method of Cost Estimation Based on the performance, such you have been provided along with the given information regarding ABC Ltd for the year ended on
Explain the following types of costs. a. Fixed and variable costs b. Explicit and implicit costs c. Direct and indirect costs d. Past and future costs e.
The total demand (marginal benefit) curve for visiting Yosemite is as follows: Price = 5000-10*NumberOfTrips -10*TonsOfVisibleTrash. a. Suppose the quantity of trash=100 ton
fixed expenses are incurred equally in the two half year periods,calculate
The Butchering Department of the Santa Fe Meat Packing Corporation (a process costing corporation, FIFO costing) had 1,500 units, 1/3 completed at the beginning of the period and 1
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd