Q: 1

AS Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in Department A. Conversion costs were 75% complete with respect to the 4,000 units in work in process at 1^st March and 50% complete with respect to the 6,000 units in work in process at 31^st March. During March, 12,000 units were completed and transferred to the Department B. An analysis of the costs relating to work in process at 1^st March and to production activity for March follows:

		Materials	Conversion
	Work in process March 1	Rs. 13,800	Rs. 3,740
	Costs added during March...........................	Rs. 42,000	Rs. 26,260

The total cost per equivalent unit for March was:

Q: 2

Javed Corporation produces and sells a single product, has provided its contribution format income statement for March.

Sales (17,000 units)	Rs. 2,210,000
Variable Expenses	1,530,000
Contribution Margin	680,000
Fixed Cost	250,000
Net Profit	430,000

Number of units to be sold so that target profit of Javed Corporation increased by Rs. 48,000?

Q: 3

I.A Corporation uses the weighted-average method in its process costing system. The Painting Department is the second department in its production process. The data below summarize the departments operations in January.

		Units	Percent Complete with Respect to Conversion
	Beginning work in process inventory...................................	7,100	70%
	Transferred in from the preceding department during January................................................................................	61,000
	Ending work in process inventory.........................................	4,600	30%

The Painting Departments cost per equivalent unit for conversion cost for January was Rs. 8.24.

How much conversion cost was assigned to the units transferred out of the Painting Department during January?