Variable production cost , Cost Accounting

Assignment Help:

From  the  following  data  write the  standard  cost  card  for  one  unit  of  the  sole  product manufactured.

                                   Standard Cost card for One Unit
Direct Materials              
                                 20 Kgs A @Rs.0.80 per  Kg       
                               15 Kgs B @Rs.2.40 per kg
Director Labour    
                               Preparation 14 hrs @ Rs.3.75 per hour
                               Assembly 5 hrs @ Rs.2.50 per hour

The budgeted full overheads for year:
                                                   Rs.    Hours
Preparation Dept.                        88,000    21,000
Assembly Dept.                          150,000  24,000

The  fixed  overheads  (contained in  the  above  figures)  are  Rs.  25,000  and  Rs.  48,000 respectively.
 
Requirement:  The standard cost card should show sub totals for:

a.  Prime cost
b.  Variable production cost
c.  Total production cost


Related Discussions:- Variable production cost

Factory overhead, Why do we separate factory overhead from materials and la...

Why do we separate factory overhead from materials and labor?

Prepare a direct material purchases budget., 1) The Svelte Jeans Company pr...

1) The Svelte Jeans Company produces two different types of jeans. One is called the "Simple Life" and the other is called the "Fancy Life". The company sales budget estimates that

Cost classifications and estimation, Cost Classifications and Estimation ...

Cost Classifications and Estimation Cost classification may be defined like 'the arrangement of cost items in a logical sequence having concern to their nature and reason to b

Considerations in variance investigation, Considerations in Variance Invest...

Considerations in Variance Investigation As already notice above, not all variances are investigated; this is only the material and meaningful as for cost control reasons vari

Prepare cost sheet, The Pacific Manufacturing Company operates a job-order ...

The Pacific Manufacturing Company operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based

What is the profit maximizing level of advertising, Smith Corp. has determi...

Smith Corp. has determined that its contribution margin, (P - MC)/P, is 40%. A recent market research study found the following relationship between adverting outlays and sales rev

Monetary performance and the financial position, The question required cons...

The question required consideration of both the monetary performance and the financial position, from the perception of a potential lender. As with previous questions, candidates w

Price to set on the job, Bakeson Bearings Ltd is preparing to submit a bid ...

Bakeson Bearings Ltd is preparing to submit a bid for a bearings order.  Janet Lake,  CEO of the Manufacturing Division, has asked Jason Docker, the management accountant, to prepa

Assignment, what do you understand by cost accounting and what are the main...

what do you understand by cost accounting and what are the main decision areas that are involved

Segment reporting, Juniper Ltd is a listed diversified company.  In prepari...

Juniper Ltd is a listed diversified company.  In preparing its financial statements in accordance with AASB 8, the chief operating officer has identified three operating segments:

Write Your Message!

Captcha
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