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

Process accounts, What is the easiest of calculate equivalents before produ...

What is the easiest of calculate equivalents before producing a process account 2

Issuance of stock - shares of common stock, 1. Issuance of stock Prepa...

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

Calculate the cash value financing interest rate , Calculate the today's ca...

Calculate the today's cash value of a car that can be leased with $5000 down, bi-weekly payments of $199 over 4 years and a buy-back value of $15,000 at the end of the lease if the

Activity Based Costing, How do I figure the estimated activity and estimate...

How do I figure the estimated activity and estimated allocation base?

Sources of funds, We have noticed that working capital is needed to finance...

We have noticed that working capital is needed to finance that portion of current assets that is not financed through current liabilities. We also noticed that the investments repr

What is the optimal price without price discrimination, We consider two reg...

We consider two regions A and B. Each market has the same size (i.e. number of consumers) but differs in the willingness to pay for one unit of the good proposed by the firm. On ma

Factors affect decision making, Factors affect Decision Making These d...

Factors affect Decision Making These decisions need consideration of factors as like A. The level of market possible to be available in future B. The strategy that compe

Basic, sir i want to know the whole procress of costing

sir i want to know the whole procress of costing

Job-order costing system.., Compute the predetermined overhead rate used du...

Compute the predetermined overhead rate used during the year in the Preparation and Fabrication Departments.

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