Calculate dm inventory and wip inventory

Assignment Help Cost Accounting
Reference no: EM132795765

ABC's selected data for the month of September 2014 related to current year are as follows (in Rs Mio):

Begin WIP inventory

2000


Begin DM inventory

900


DM purchased


3600


DM used

3750


Variable manufacturing OH

2500


Total manufacturing OH

4800


Total manufacturing costs

16000


Cost of goods manufactured

16500


COGS

17000


End FG inventory

1250


Problem 1: Calculate DM inventory, WIP inventory and FG inventory as on 30 Sept 2014; fixed manufacturing OH, and DL for Sept; Goods available for sale in September

Reference no: EM132795765

Questions Cloud

How would an auditor identify exceptions : Develop a specific audit strategy for how an auditor would screen 100% of the revenues, How would an auditor identify exceptions
New marave enterprises in nasipit : What is the new business name of New Marave Enterprises in Nasipit?
What ideologies drove the age of imperialism : During the 1800s, great empires sprang up as various powerful nations sought to expand and gain control of strategic locations and valuable natural resources.
Explain why congress only sent stimulus checks : Explain why Congress only sent stimulus checks to households up to a certain income level.
Calculate dm inventory and wip inventory : Calculate DM inventory, WIP inventory and FG inventory as on 30 Sept 2014; fixed manufacturing OH, and DL for Sept; Goods available for sale in September
What is an example of opportunity cost : Why type of decision was made? What was another alternative that could have been made? Discuss how scarcity influenced the decision.
Make the journal entry to record depletion : Monty Corporation, a publicly traded mining company, acquires a mine at a cost of $530,000. Make the journal entry to record depletion
How do the cultures values relate to the conflict : Outline the basic history of the event(s). You can use a timeline or write it out. How do the culture's values relate to the conflict?
Draw a graph of the marginal cost curve : Let's pretend the market for Soda is for all intents and purposes a monopoly in our fictional country the Republic of Stark. Stark soda has an overwhelming

Reviews

Write a Review

Cost Accounting Questions & Answers

  Compute the break-even point in units and amount by formula

Compute the Break-even point in units and amount by formula method. If Paste Corporation uses the Process base manufacturing method

  Calculate the sales price per unit

In April, Steinhardt, Inc., sold 50 air conditioners for $200 each. Costs included material of $50 per unit, direct labor of $30 per unit, and factory overhead at 100 percent of direct labor cost.

  What is causes of profit or loss in direct costing

In profit and loss account, what causes the difference in profit or loss in direct costing and indirect costing. Explain in detail with an example.

  What the total manufacturing cost recorded on job

What the total manufacturing cost recorded on Job 1501 would be P? John Company uses a predetermined overhead rate based on machine-hour

  Permtemp corporation formed in 2011 and for that year

permtemp corporation formed in 2011 and for that year reported the following book income statement and balance sheet

  Pass necessary entries on june to eliminate the intra-group

The group measures its property plants, Pass the necessary entries on 30 June 2017 and 30 June 2018 to eliminate the intra-group transfer of equipment.

  What is the utilization of each station

What is the utilization of each station? What is the capacity of this system? 50% machine available. 100% process yield. 80% machine available

  Problem caused by each control weakness

Identify the missing internal control characteristic in each situation and identify the possible problem caused by each control weakness.

  Computing cash from operations

Computing Cash from Operations - Brinkerhoff provides the following income statement information for 2008

  Prepare the 20xx income statement

Prepare the 20XX statement of cost of goods manufactured and prepare the 20XX income statement.

  What is the significance of job costing

What is the significance of job costing to service organizations in tracking direct materials?

  Which would be classified in a different major section

Which would be classified in a different major section of a statement of financial position from the others? Accumulated Other Comprehensive Income

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