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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
Beaver Company (a multi-product firm) produces 5,000 units of Product X each year. Each unit of Product X sells for $8 and has a contribution margin of $5. If Product X is disconti
Bickering Ltd Income Statement for the year ended 30 June 2012 Sales (credit) 636,10
Rediger Inc. a manufacturing company, has provided the following data for the month of June. The balance in the Work in Process inventory account was $22,000 at the beginning of th
Vincent Ltd operates solely in Western Australia and the chief operating decision maker has identified five operating segments: Mining, Insurance, Retailing, Manufacturing and Tran
Budgeted direct labour cost 75000 hours @ $16 per hour Budgeted manufacturing overhead 80 000 hours @ $17.50 per hour Actual direct labour cost $997 500 Budgeted manufa
The Smiths have two children who live with them: Sandy and Judy. Both are full-time students. Sandy is an accomplished singer and made $4,200 during the year performing at special
What do you mean by differential costing ? How it differ from marginal costing ? explain its practical application with examples?
Determine Opportunity Costs A company has material B in stock that originally cost Shs. 5000 for the 1000 Kshs in stores. The material is missing over from an old purchase ord
A corporation acquired a truck on July 1, 2012, at a cost of $162,000. The truck has a six-year useful life and an estimated salvage value of $18,000. The straight-line method of d
i want to understand everything about contract account
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