Units Units transferred to next department 40,000 Units still in process (all ma

Question

Units

Units transferred to next department

40,000

Units still in process (all material, 2/3 labour &FO H)

8,000

Abnormal loss (1/2 complete as to material, Labour andFOH)

1,000

Following costs were added during theprocess.

Materials

Rs.40,500

Labour

     101,700

Factory overhead

      50,500

Required:  

You are required to calculate equivalent units ofmaterial, labour and factory overhead and unit cost of material,labour and factory overhead.

Units

Units transferred to next department

40,000

Units still in process (all material, 2/3 labour &FO H)

8,000

Abnormal loss (1/2 complete as to material, Labour andFOH)

1,000

Explanation / Answer

x.P5> QUANTITIES Physical Units Materials Conversion Cost Units accounted for Transferred Out 40,000 40,000 40,000 Work in progress, Nov 30 8,000 8,000 5,333 Lost Units 1,000 500 500 Total Units 49,000 48,500 45,833 COSTS Unit Cost Total Cost in Nov 40,500 152,200 192,700 Equivalent Unit 48,500 45,833 Unit Cost 1 3 4 Costs Accounted for Work in Progress, Nov 1 0

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.