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In a given period production and cost data were as follows: Total Costs Materials Rs. 5,115 Labour 3,952 Overheads 3,000 Rs. 12,067
Production was 1400 fully done units and 200 partly done. The degree of completion of the 200 units W-I-P was as follows Material 75% done Labour 60% done Overheads 50% done
Requirement: Measure the total equivalent production, the cost per complete unit and the value of the W-I-P.
Overhead Costs Introduction Overhead costs may be defined like the net cost of indirect materials, indirect expenses and indirect labour. They may happen or be charged to
Vary the force by hiring layoffs. No over time.
Cost Accounting advantage and features
A fixed cost is a cost which can't be easily identified or related to a cost per unit or activity of any kind for example a cost which remains constant when production of a service
Derive a truth table for a combinational logic circuit that is to decode a 4-bit BCD representing a number in the range 0-9 and generate an appropriate 7-bit output to illuminate t
Consider the following information, prepared based on a capacity of 40,000 units: Category Cost per Unit Variable manufacturing costs
Quicksilver Compnay has set the follwoing standards for one unit of product: Direct material Quantity: 6.2 lbs per unit Price per lb: $11 per lb Direct Labor Quantity: 6 hrs
I''m about to take my first cost accounting class in college, Do i need algebra skills to do well on this class
EOQ
Classification of Labour Costs This can be classified into like: a) Indirect or Direct cost b) Variable or Fixed cost c) Non controllable and controllable cost a)
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