The budgeted fixed production expenses were ₹ 24,00,000 per annum and the fixed selling expenses were ₹ 16,00,000. 55,000 units were started in production, and 57,000 units were completed and transferred to finished goods inventory. . The standard quantity of : 1362485. However, using absorption costing, the entire $40,000 is expensed because all 10,000 units produced were sold; an additional $4,000 related to the 1,000 units produced last month and pulled from inventory this month is also expensed. The following information about Fishplates X has been made available from the accounting records of payment of Precision Tools Ltd. for the last six months of 2019 (and of only sales for January 2020). . 105,000. . Warhammer 40,000: Space Marine 2. . The total materials price variance is During the period, 900 units were added to the process, and the following costs occurred: Material £198,000 (900 units) Labour £139,500 Production overheads £79,200 There were 500 units of closing work-in-progress, which were 100% complete for material, 90% complete for labour and 40% complete for overheads. 41. If there was a favorable usage variance of P25,000 for September, the actual quantity of materials used must have been a. Long Company transferred 5,500 units to Finished Goods Inventory during September. This leaves: , Started in April 40,000 18, Units completed 42, Ending work-in-process 12, All materials are added at the beginning of the process. 40,000 (d) Cost of production. $72,000. Let's say there were 2,000 parts completed at the end of the last accounting period and that the parts- in-process are 30 percent done. Using the weighted-average method, the equivalent units of production with regard to direct labor were: During September, 3,350 units were made, which was 150 units less than budgeted. 9,500 units were started during the period. On September 30, 350 boxes were in process (100 percent complete as to cardboard, 70 percent complete as to cloth, and 55 percent complete as to conversion costs). (DOC) PROCESS COSTING | Divino Chan - Academia.edu accounts problem with detailed solutions. 12. . 150 which includes materials of Rs. During the month, 11,000 units were started; 8,000 units were finished; ending inventory amounted to 8,000 units that were 60% complete with respect to materials. Use this information to determine for 2018 the dollar amount of dividends that will be distributed per Common Share. variable selling expenses are ₹ 12 per sold unit. During June, the company's variable production costs were $10 per unit and its fixed manufacturing overhead totaled $60,000. 210,000 pounds. A production budget this schedule shows the number of units to be produced for an upcoming period, as a function of: the units of finished goods on hand at the beginning of the period, the estimated sales (in units) for the period, the desired (or targeted) finished goods inventory, and shows the number of units to be produced. b . Assume that Mahoney uses a plantwide predetermined overhead based on direct labor hours. Accounting:Variance analysis,break-even estimation etc - BrainMass 9,90,000 of conversion costs were incurred. EUP - CC 5500 x 100% + 800 x 20%= 5660. RETL 262 Chapter 22 Quiz - Studying Made Easy ><p> </p><p>What was Petite's variable overhead . Ending WIP inventory was 70% complete in DM and 60% complete in CC. PDF Multiple Choice Questions - Harper College

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