The Zee manufacturing company produces a single product which goes through one process only. The manufacturing...

 

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The Zee manufacturing company produces a single product which goes through one process only. The manufacturing cycle takes a month. The company started its manufacturing operation on 1st March, 2020 and costs of production for this month were as follows: Material Rs. 41,412; Labor Rs. 32,054; MOH Rs. 23,870 The production statistics for the month were as follow: Units completed and transfer to finished goods store Rs. 6,500 Unit in Process on March 31, 2018 was 1,600 (Material 40%, Labor and MOH 20 per cent) Compute the following: a. Equivalent units in production schedule. b. Total cost charged to production in dollars. c. Total cost per unit. -5- -2- -3- The Zee manufacturing company produces a single product which goes through one process only. The manufacturing cycle takes a month. The company started its manufacturing operation on 1st March, 2020 and costs of production for this month were as follows: Material Rs. 41,412; Labor Rs. 32,054; MOH Rs. 23,870 The production statistics for the month were as follow: Units completed and transfer to finished goods store Rs. 6,500 Unit in Process on March 31, 2018 was 1,600 (Material 40%, Labor and MOH 20 per cent) Compute the following: a. Equivalent units in production schedule. b. Total cost charged to production in dollars. c. Total cost per unit. -5- -2- -3-

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