Académique Documents
Professionnel Documents
Culture Documents
Spring 2009
MGT402- Cost & Management Accounting (Session - 3)
► Rs. 75,000
► Rs. 30,000
► Rs. 150,000
► Rs. 1,500,000
Using the weighted average method, what were the materials cost in work in process at
June 30?
► Rs. 30,000
► Rs. 10,000
► Rs. 20,000
► Rs. 40,000
► Glycerin
► Meat Hides
► Fats
► Flour Bran
► Rs. 40,500
► Rs. 54,000
► Rs. 12,150
► Rs. 4,050
► W.I.P (Dept-I)
To Material a/c
► W.I.P (Dept-ii)
To Material a/c
► Material a/c
To W.I.P (Dept-ii)
► W.I.P (Dept-ii)
To FOH applied.
Question No: 38 ( Marks: 1 ) - Please choose one
Which of the following is NOT an element of factory overhead?
► Depreciation of the maintenance on equipment
► Salary of the plant supervisor
► Property taxes on the plant buildings
► Salary of a marketing manager
Particulars Rs.
Freight in 20,000
Purchases return and allowances 80,000
Marketing expenses 200,000
Finished goods Inventory, ending 90,000
Cost of goods sold 700% of marketing expenses
Calculate the cost of goods available for sales if Gross Profit is 50% of cost of goods
sold.
► Rs. 1,390,000
► Rs. 1,490,000
► Rs. 1,500,000
► Rs. 1,590,000
Production statistics:
Required:
Calculate equivalent units of Labor and FOH under FIFO costing
Calculate unit cost of Labor, and FOH.
No work in process inventory has been estimated in any moth however finished goods
inventory shall be on hand equal to half the sales to the next month, in each month. This
is constant practice.
Budgeted production and production costs for the year 1999 will be as follows:
Prepare for the six months period ending June 1999, a production budget for ‘’Product
B”
Required:
Prepare a flexible budget at 60%, 80% and 100% of normal capacity. Showing total
manufacturing costs as well as per unit total manufacturing costs.
The part can be purchased from an outside supplier at Rs. 80 per unit. If the part is
purchased from the outside supplier, two-thirds of the fixed manufacturing costs can be
eliminated.