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+--- Thread: process costing ? (/showthread.php?tid=9342)
process costing ? - samileo31 - 01-04-2011
ABC & Co uses process costing. Cost and additional information of first department for the month of December is given below
Units
Units in opening work in process 200
(100% completed as per direct material and 65% completed with conversion cost)
Units put into process 11,800
Units completed & transferred out 6,800
Units loss- Abnormally 1800
(Completed 100% as par direct material and 50 % as par conversion cost)
Normal loss 700
Remaining units were still in process ?
Additional information
#61558; Cost incurred on opening work in process Direct Material Rs. 6,600, Direct Labor Rs. 4,500 and FOH Rs.2, 900.
#61558; Cost incurred by the department (Direct material Rs. 33,400, Direct labor Rs. 18,500 and FOH Rs. 10,100)
#61558; The still in process units were completed 100 % as per direct material and for conversion cost
20 % of Units were 40 % completed
30 % of Units were 20 % completed
Balance of the Units was 30 % completed.
Required
With the help of given data answer the following.
1. What will be unit cost for Material under FIFO costing method?
2. What will be unit cost for Labour under FIFO costing method?
3. What will be unit cost for Factory overhead under FIFO costing method?
4. What will be equivalent production units for Material under FIFO costing method?
- umar_khi08@yahoo.com - 01-10-2011
salaamx!!
my dear frnd pls clarify dat if direct material on ending w/p is 100 % then how this breakup can be make as given for conversion cost as 30+20+remaining50% ???
i think this can be as given below
30 % DM
20 % DL
nad remaining 50 % as to FOH...
PLS CHAECK IT and apply in your question also match with answer then post again
regards
Umar