ABC manufactures and sells metal shelving. It began operations on Jan 01. Costs incurred for the current
Question:
ABC manufactures and sells metal shelving. It began operations on Jan 01. Costs incurred for the current year are as follows:
DMRs 1.4 lacsV
DLRs 0.3 lacsV
PLANT ENERGY COSTSRs 0.05 lacs V
IND LRs 0.1 lacsVRs 0.16 lacsF
IND otherRs 0.08 lacsVRs 0.24 lacsF
MKT. DIST and Cust OHRs 1.2285 lacsVRs 0.4 lacsF
Admn OHRs 0.5 lacsF
Variable manufacturing costs are with respect to units produced; variables MDC are wrt to units sold
Inventory data:begin Jan 01 and ending Dec 31
DM0 kg2000 kg
WIP0 units0 units
FG0 units? units
Production in the current year was 1 lac units; 2 kg of DM is used to make 1 unit of FG. Revenue were Rs 436800. The FG inventory ending is at average unit manufacturing cost for the current year and was Rs 20970. Calculate
period ending DM inventory cost; period ending FG inventory in units; SP per unit; operating income
If in the above problem, Indirect other manufacturing costs are not inventoriable cost and there are 9000 units of FG inventory on Dec 31. Then, calculate FG inventory ending total cost, and operating income of the year
Expert Answer:
ABC Metal Shelving Inventory and Income Calculations Scenario 1 Including Indirect Other Manufacturi... View the full answer
