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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
The follow data relates to year 20XX for Plano Manufacturing Company: Units produced - 2,000 Units sold - 1,800 Selling price - $200 / per unit Direct material costs - $80,000 Dire
2012 2011 Cash 12200 17700 Acct receivable 25200 22300 Investments
Distinction between Absorption and Marginal Costing These are two approaches of arriving at the cost of production or total profit for a specified period. The major difference
Chen Enterprises purchased 67,000 pounds (cost = $616,400) of direct material to be used in the manufacture of the company''s only product.
Organization of Budgetary Control Budgetary control ideally includes the given steps as: 1. The creation of budget centres. 2. The introduction of sufficient
What are the benefitss and drawbacks of standard costing?
First In First Out or FIFO Method - Work in Progress This method considers merely those costs incurred throughout the recent period. Equivalent units are calculated given a
SD manufactures and sells a small range of timber based products. The main differences b/w the products are their size and the type of timber they used. SD prepares annual budgets
The following information is for the third quarter of this year: Planned Actual Production 92,000 units 87,000 units Direct labor hours 506,800 DL hrs 380,000 DL hrs Fixed manuf
Q. What is the amount of compensation expense recognized for stock options for each year of the vesting period, given the following information? A firm awards stock options at-
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