Altaf Manufacturing Corporation work in process inventory at start consisted of 10,000 units, 100% complete as materials cost and 40% complete as to conversion costs. The total cost in the beginning inventory was Rs. 30,000. During June, 50,000 units were transferred out. The equivalent unit cost was computed to be Rs. 2.00 for materials and Rs.3.70 for conversion costs under the weighted-average method. The total cost of the units completed and transferred out was ?
1) Altaf Manufacturing Corporation work in process inventory at start consisted of 10,000 units, 100% complete as materials cost and 40% complete as to conversion costs. The total cost in the beginning inventory was Rs. 30,000. During June, 50,000 units were transferred out. The equivalent unit cost was computed to be Rs. 2.00 for materials and Rs.3.70 for conversion costs under the weighted-average method.
The total cost of the units completed and transferred out was ?
2) Iqbal Corporation produces and sells a single product, has provided its contribution format income statement for March.
|
Sales (17,000 units) |
Rs. 2,210,000 |
|
Variable Expenses |
1,530,000 |
|
Contribution Margin |
680,000 |
|
Fixed Cost |
250,000 |
|
Net Profit |
430,000 |
Number of units to be sold so that target profit becomes equal to Rs. 466,000?
3) The accounting firm of JN Corporation has been studying the sales requirements of the Shayan Bottling Company. In the course of the study, the managing partner submits the following estimated data:
|
Sales |
Rs. 900,000 |
Fixed marketing expenses |
Rs. 71,000 |
|
Direct materials |
206,200 |
Variable marketing expenses |
80,000 |
|
Direct Labor |
165,200 |
Fixed administrative expenses |
9,500 |
|
FOH |
171,896 |
Variable administrative expenses |
4,000 |
|
Variable FOH |
102,600 |
|
|
Calculate Break-Even Point in amount for JN Corporation
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