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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.
In January 2012, the management of Stefan Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the fol
in what ways does specific order costing differ from process costing
1. Shares were certified at a premium of Rs. 1.50' per share. 2. Throughout the year Taxation liability regarding of 2002 was Rs, 20,000 and paid. 3. Throughout the year, Rs.
Direct Material Usage Variance Refers to the difference among the actual quantity utilized and the standard quantity particular for the actual production, all valued at the st
7.14
If question (CA IPCC) is silent which method to follow: avg cost or fifo or lifo?
Suppose that you are the chief financial officer at Porter Memorial Hospital. The CEO has asked you to analyze two proposed capital investment-Project X and Project Y. Every proj
The number of workdays varies from month to month due to the number of weekdays, holidays, days of vacation, and sick leave taken in the month. The number of units produced in a
Time Analysis - Cost Accumulation This is generally achieved via having the employee complete a daily or weekly timesheet or via contain job cards or piecework tickets. As whe
Gomez incurred $350,000 of research and development costs to develop a product for which a patent was granted on January 2, 2008. Legal fees and other costs associated with the re
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