Fleming laboratories. Inc.produces an antibiotic product in its three producing departments.The following quantitative and cost data have
Question:
Fleming laboratories. Inc.produces an antibiotic product in its three producing departments.The following quantitative and cost data have been madeavailable.
Blending | Testing | Terminal | |
Production data: | |||
Started into production | 8000 kg | 5400kg | 3200kg |
Transferred to next dept | 5400 | 3200 | |
Transferred to finished good storeroom | 2100 | ||
In process (100% materials, 1/3labour and Overhead) | 2400 | 1800 | |
In process (100% materials,2/3 labour and Overhead) | 900 | ||
Cost charged to departments: | |||
Materials | Rs 20,670 | Rs 7,980 | Rs 14,400 |
Labour | Rs 11,160 | Rs 5,016 | Rs 11,520 |
Factory overhead | Rs 5,580 | Rs2,280 | Rs 5,040 |
Total | Rs 37,410 | Rs 15,276 | Rs, 30,960 |
Lost units are normal and apply to allproduction.
Required:
1. A quantity schedule for each of the threedepartments.
2. An equivalent production schedule for each of thethree departments
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen