The cost per complete unit, Cost Accounting

Assignment Help:

In a given period production and cost data were as follows:  
  Total Costs   Materials   Rs. 5,115
                     Labour          3,952
                    Overheads        3,000
                                    Rs. 12,067

Production was 1400 fully done units and 200 partly done. The degree of completion of the 200 units W-I-P was as follows
   
    Material     75% done
    Labour      60% done
    Overheads     50% done

Requirement:  Measure the total equivalent production, the cost per complete unit and the value of the W-I-P.


Related Discussions:- The cost per complete unit

Identify the relevant per-unit costs, Bakers Bagels LLC produces and sells ...

Bakers Bagels LLC produces and sells 20 types of bagels by the dozen. Bagels are priced at $6.00 per dozen (or $0.50 each) and cost $.020 per unit to produce. The company is consid

How much are your fixed costs, 1.    The following table summarizes the sho...

1.    The following table summarizes the short-run production function for your firm. Your product sells for $5 per unit, labor costs $5 per unit, and the rental price of capital i

Calculate the direct-material price and quantity variances, Quicksilver Com...

Quicksilver Compnay has set the follwoing standards for one unit of product: Direct material Quantity: 6.2 lbs per unit Price per lb: $11 per lb Direct Labor Quantity: 6 hrs

Support department allocation, how do you allocate the support department c...

how do you allocate the support department costs to production departments using the direct method when given percentages

Types of overhead absorption rate, Types of Overhead Absorption Rate ...

Types of Overhead Absorption Rate NB: Overheads incurred are generally absorbed on the basis of budgeted or estimated figures. The given basis may be applied leading to the

Why does rent control result in a shortage of rental unit, 1. Why does rent...

1. Why does rent control result in a shortage of rental units. 2. How does price elasticity of demand affect how much of a tax is passed on to the consumer and how much is absor

Can fca help compare opening a new landfill, Q. Can FCA Help Compare Openin...

Q. Can FCA Help Compare Opening A New Landfill Versus Building A Wasteto-Energy Incinerator? Ans. Yes. The principles of FCA are precisely the same no matter how you relat

Storing and issuing materials, what is the equivalent unit for materials? i...

what is the equivalent unit for materials? if the cost of normal lots units are absorbed by the units transferred out to the next department the work in process- beginning (60% com

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