Question: Input 3800 units; Output 3000 units; Closing work-in-progress- 800 units Particulars Degree of Completion Process Costs (OMR) Materials 80% 7280 Labour 70% 10680 Overheads 70%

Input 3800 units; Output 3000 units; Closing work-in-progress- 800 units

Particulars

Degree of Completion

Process Costs (OMR)

Materials

80%

7280

Labour

70%

10680

Overheads

70%

7120

A. Equivalent production units is:

a-Materials - 3560 units and Labour and Overheads -3640 units

b-Materials - 3640 units and Labour and Overheads -3560 units

c-Materials - 2640 units and Labour and Overheads -2560 units

d-Materials - 2560 units and Labour and Overheads -2640 units

B. Cost per equivalent unit is:

a-OMR 6 b-OMR 6.50 c-OMR 7 d-OMR 7.50

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Input - 7600 units; Output - 6000 units; Closing work-in-progress- 1600 units Particulars Process Costs Degree of Completion (OMR) Materials 80% 14560 Labour 70% 21360 Overheads 70% 14240 A....

Q:

Input - 3800 units; Output - 3000 units; Closing work-in-progress-800 units Particulars Degree of Process Costs Completion (OMR) Materials 80% 7280 Labour 70% 10680 Overheads 70% 7120 A. Equivalent...

Q:

The following data are available in respect of Process A for December 2020 : a. Opening stock of work-in-progress: 1400 units at a total cost of RO 8600 b. Degree of completion of opening...

Q:

Please assist me: Provide answers as well as explanation Q.49. Most suitable basis for apportioning insurance of machine would be: (a) Floor Area (b) Value of Machines (c) No. of Workers (d) No. of...

Q:

Xin hy ng h ti trong tp bi tp ny !!! Many thanks ^^ CHAPTER 3 PROCESS COSTING TRUE-FALSE STATEMENTS 1. Process cost accounting focuses on the process involved in mass-producing products that are very...

Q:

Two Discussion Questions. A minimum of 200 words per question. Both questions are attached to the word document and each chapter to both questions are attached to the PDF. Any references/citations...

Q:

Vox is a brick manufacturing company that uses process costing to determine the cost of the bricks they make. This example looks at two of the departments in the process of production: the crushing...

Q:

Elements of cost Cost (Rs.) Cost per completed unit Materials Labour 7280 10680 7120 Equivalent Production (units) 3640 3560 3560 2.00 3.00 2.00 Overheads 25080 7.00 Statement of Evaluation 21000...

Q:

Elements of cost Cost (Rs.) Equivalent Production (units) 3640 Cost per completed unit 7280 Materials Labour Overheads 10680 7120 3560 3560 2.00 3.00 2.00 25080 7.00 Statement of Evaluation 21000...

Q:

Elements of cost Cost (Rs.) Equivalent Production (units) 3640 Cost per completed unit 7280 Materials Labour Overheads 10680 7120 3560 3560 2.00 3.00 2.00 25080 7.00 Statement of Evaluation 21000...

Q:

Now let the production function for output be That is, weve made the exponent on capital a parameter () rather than keeping it as a specific number. Notice that this affects the exponent on labor as...

Q:

An oval track is made by erecting semicircles on each end of a 40 m by 80 m rectangle. Find the length of the track and the area enclosed by the track. The length of the track ism. (Round to the...

Q:

APPLY YOUR SKILLS 3-1 Please make a Journal Entry and Recurring Transaction Please make a journal entry to reallocate and expense the prepaid rent on Melanie's store and make it recurring for five...

Q:

CT Corp Comprehensive Question Canadian Tire Corporation, Limited (Canadian Tire) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

Q:

4. Describe the components of the change model and how they can be used to introduce a new training method.

Q:

9. Are work-family programs the same as work-life programs? Explain.

Q:

5. Go to www.aoa.gov, the Web site for the Administration on Aging (AoA). Review the Web site. Is this site useful for employees seeking information about elder care? Explain the type of information...