Reference no: EM132995072
Question -
1. The standard price per unit is; Material 6 kg @Rp750; Labor 10 Hours @Rp480; BOP on the basis of 70% of Working Hours with a rate per working hour @Rp250 for variable BOP and fixed BOP budgeted is Rp2,100,000 at a normal capacity of 1,000U 13150
2. Beginning inventory of finished goods is 190 units @Rp12,800. Product produced 1,260 U this month. While the ending inventory of finished goods is 150 units.
3. Purchase of 6,500 kg of materials at a price of @Rp740 on credit. All materials are used in production.
4. The production hours are 12,800 hours at a rate of $450 per hour. Labor costs have been paid.
5. The actual BOPS is Rp4,529,600 consisting of Variable BOP Rp2,329,600 and the rest is fixed BOP.
6. The selling price of the product is IDR 17,000 per unit. Variable selling costs are 10% of sales and fixed sales costs are 900,000 IDR. Meanwhile, variable general and administrative costs are 5% of sales and fixed costs are Rp.600,000
Required - How the income statement and Calculate the standard cost of goods manufactured; Standard difference and journal (can choose to use single plan or partial plan method) where standard difference is closed to Cost of Goods Sold).
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