Component Pee is made entirely in cost centre 100. Material cost is 6 paise per component and
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Component “Pee” is made entirely in cost centre 100. Material cost is 6 paise per component and each component takes 10 minutes to produce. The machine operator is paid 72 paise per hour and the machine hourrate is Rs. 1.50. The setting-up of the machine to produce component Pee takes 2 hours 20 minutes.
Based on the information, prepare cost sheets showing the production and set-up costs, both in total and per component assuming that a batch of (a) 10 components (b) 100 components and (c) 1,000 components are produced.
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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