The following transactions relate to the AKHTER CORP. for the month of November 2015: Product - A
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Question:
The following transactions relate to the AKHTER CORP. for the month of November 2015:
Product - A
Product – B
Production
10,000 units
8,000 units
Beginning Inventory
1,000 units
900 units
Ending Inventory
2,000 units
100 units
Unit Cost applicable to inventories and Production
Direct Material
Rs. 4 per unit
Rs. 3 per unit
Direct Labour
Rs. 10 per unit
Rs. 20 per unit
Factory Overhead
Rs. 7 per unit
Rs. 14 per unit
Actual FOH was Rs. 182,400, under or over applied factory overhead is to be adjusted in Cost of Goods Sold.
Calculate Prime Cost.
Related Book For
Posted Date: