M/s. XYZ and company follows process costing in their factory. Three types of material are used...
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M/s. XYZ and company follows process costing in their factory. Three types of material are used that is Material A, B and C. Material A and B are added in department 1 and Material C is added in department 2 after inspection which is taken place @ 70% completion. In department 1 material A is added in the start of process while material B is added when unit is 80% complete after inspection. Conversion costs flow as per continuity of completion stages. In department 1 50000 units were started in current period 38000 of which were completed and transferred to department 2. 7000 units were present in WIP which were 85% complete. 5% of good outputs considered as normal loss. During the period following costs were incurred in fist department. Direct material A 800000 600000 Direct material B D. Labor 400000 FOH is applied @ 120% of direct labor cost. In Department 2, 38000 units were received 32000 of which were completed and transferred out. 5000 units were WIP which were 50% complete. 1% of good output is considered as normal loss in this department. Following costs were incurred in second department. Material C 500000 D. labor 800000 FOH is applied @ 80% of prime cost. Required: - CPR for department I as well as department 2. M/s. XYZ and company follows process costing in their factory. Three types of material are used that is Material A, B and C. Material A and B are added in department 1 and Material C is added in department 2 after inspection which is taken place @ 70% completion. In department 1 material A is added in the start of process while material B is added when unit is 80% complete after inspection. Conversion costs flow as per continuity of completion stages. In department 1 50000 units were started in current period 38000 of which were completed and transferred to department 2. 7000 units were present in WIP which were 85% complete. 5% of good outputs considered as normal loss. During the period following costs were incurred in fist department. Direct material A 800000 600000 Direct material B D. Labor 400000 FOH is applied @ 120% of direct labor cost. In Department 2, 38000 units were received 32000 of which were completed and transferred out. 5000 units were WIP which were 50% complete. 1% of good output is considered as normal loss in this department. Following costs were incurred in second department. Material C 500000 D. labor 800000 FOH is applied @ 80% of prime cost. Required: - CPR for department I as well as department 2.
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Vector Mechanics for Engineers Statics and Dynamics
ISBN: 978-0073212227
8th Edition
Authors: Ferdinand Beer, E. Russell Johnston, Jr., Elliot Eisenberg, William Clausen, David Mazurek, Phillip Cornwell
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