Calculate Factory Cost for the year ended June

Assignment Help Cost Accounting
Reference no: EM132998830

Question - The following information has been taken from the Ledger of Numan Corporation for the year ended on June 30, 2015.

Stock of material, June 30 2015 Rs. 15,700

Stock of materials, July 1, 2014 12,000

Material purchased during the year 46,250

Carriage outward 1,075

Carriage inward 1,786

Salaries - Factory 1,625

Salaries - Office 3,150

Discount Expenses 725

Bad debts written off 1,628

Repairs of plant, machineries and tools 1,113

Rent and insurance - Factory 2,125

Rent and insurance - Office 500

Sales 115,275

Travelling Expenses 525

Traveler's salaries and commission 1,925

Productive wages 31,500

Depreciation of machinery and tools 1,625

Depreciation of office furniture 75

Director's fees 1,500

Gas, and water - Factory 300

Gas and water - Office 100

Manager's salary (3/4th factory, 1/4th office) 2,500

General Expenses 850

Required - Calculate Factory Cost for the year ended June 30, 2015.

Reference no: EM132998830

Questions Cloud

What significant issues relating to wills arise : After settlement, Sam's asset position is as follows: Total assets $800,000. What significant issues relating to wills arise from this situation
Prepare the company partial balance sheet : Culver Manufacturing Inc. intends to finance. Prepare the company's partial balance sheet (liability section ONLY) assuming the year end is October 31, 2021.
What is the coupon rate on this bond : You have just paid $1,135.90 for a bond, which has 10 years before it, matures. It pays interest every six months. What is the coupon rate on this bond
Prepare the required journal entries for the transaction : Prepare the required journal entries for the above transactions, including the settlement. Strike price is $65 Date Market Price of Company X purchased.
Calculate Factory Cost for the year ended June : Stock of material, June 30 2015 Rs. 15,700 and Stock of materials, July 1, 2014 12,000. Calculate Factory Cost for the year ended June 30, 2015
Compute the ending inventory for james company : Use the dollar-value LIFO method to compute the ending inventory for James Company for 2016 through 2020. Find the LIFO reserve and LIFO effect for each year.
Explain what is an advantage associated with job rotation : Explain what is an advantage associated with job rotation? Florence is hired by a candy manufacturer. The company first teaches her how to wrap.
Calculate the standard costing variances for the materials : Budget Production for the year 1400 units and Direct materials (Quantity 2800 at £4) £11,200. Calculate the standard costing variances for the materials
Identify the gaps of caring for the patient : Identify the gaps of caring for the patient in a culturally sensitive manner and What ethical decisions must the health care providers make concerning

Reviews

Write a Review

Cost Accounting Questions & Answers

  What is the formula that can be used to estimate electricity

Cracky Industries electricity costs, Using the method, what is the formula that can be used to estimate electricity costs at different levels of volume?

  Establish a standard cost for direct materials

What are the components needed to establish a standard cost for direct materials, direct labor, and variable manufacturing overhead?

  What the total joint cost

Assuming that the portion of the total joint cost properly allocated to Product S using the market value method was P30,000, what the total joint cost

  Compute the total amount of joint costs

All the Ace items were sold for a gross profit of P100,000. Compute the total amount of joint costs

  The material is expected to cost $10 per gallon

SoCal Co. predicts that it will use 225,000 gallons of material during the year. the material is expected to cost $10 per gallon.its anticipates that it will cost $40 to place each order. the annual carrying cost $2 per gallon.

  Determine the most probable cost for each

Which of the proposal analysis techniques shall be performed in evaluating cost reimbursement contracts to determine the most probable cost for each?

  Schroeder corporation had the stock outstanding

Schroeder Corporation had the stock outstanding - Compute earnings per share data as it should appear in the 2012 income statement of Schroeder Corporation.

  What is predetermined overhead rate per direct labor hour

Labor hours are used to determine the predetermined overhead rate. What is the predetermined overhead rate per direct labor hour?

  Calculate total production costs for the month

Assume Alta intends to produce 400 units next month. Calculate total production costs for the month. Describe the production costs in equation form Y = f + vX

  Define what is the total amount of overhead applied

What is the total amount of overhead applied to each product

  Watts and zimmerman''s

Watts and Zimmerman's 'The Demand and Supply of Accounting Theories: The Market for Excuses' suggested the 'normative' project of accounting academics and other social critics of corporate accounting practice to be invalid

  Compute first-year depreciation using straight-line method

During the first year, the band performs 45 concerts. Compute the first-year depreciation using the straight-line method

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