Bang Inc has the following cost details:     per kg. Material cost= 200 Direct labour= 40 Direct variable overhead= 20 Fixed production charges   for the   year on normal   working capacity   of  2 lakh kgs is 20 lakhs. 4,000 kgs of finished goods are in stock at the year end. Find Value of inventory per kg of finished goods.

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: Period costs are all such costs which are not directly related to the production process. It…

Q: The Cost Sheet of a product is given as under: OMR Direct Materials 6.00 Direct Wages 3.00 Factory…

A: Following is the answer to the given question

Q: Lecheflan Company is expected to operate at normal capacity and plans to manufacture 275,000 units…

A: Solution: Fixed overhead per unit = P300,000 / 25000 = P12 per unit

Q: GEM Limited has a single product Flicks. The company normally produces and sells 80,000 units of…

A: Calculation of total relevant costs: Particulars Amount Direct Material (10,000 x $57)…

Q: $   8.00    Variable manufacturing overhead cost per unit $   5.00    Variable sales…

A: Explorer Company…

Q: The West Company’s cost structure for a certain items at a level of 20,000 units per month are as…

A: Total manufacturing cost per unit =Direct Material + Direct Labor + Variable indirect cost + Fixed…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: Manufacturing Overhead: The cost of manufacturing overhead, often known as MOH, is the aggregate of…

Q: RantauBags Company plans to sell 10,000 handbags at RM400 each in the coming year. Data on cost per…

A: CVP stands for Cost Volume Profit analysis, which is method of cost accounting and it states the…

Q: The Cost Sheet of a product is given as under: OMR Direct Materials 6.00 Direct Wages 3.00 Factory…

A: Per Unit Per Unit Total for 85000 units Selling Price   13 1105000 Less: Variable Cost…

Q: The Cost Sheet of a product is given as under: OMR Direct Materials 6.00 Direct Wages Factory…

A: UNUTILISED CAPACITY (in Units) Particulars Current Capacity Capacity already utilized…

Q: The West Company’s cost structure for a certain items at a level of 20,000 units per month are as…

A: Formula: Prime cost = Direct materials + Direct labor Sum of both direct materials and direct labor…

Q: reedom plc uses 180,000 units of material each year. The cost of placing an order is £200 and the…

A: Economic order quantity means the number of units to be ordered so that total cost of inventory will…

Q: (b) The company has 200 units of Flicks on hand that were produced two months ago. Due to blemishes…

A: Relevant costs are the costs which have not yet incurred. These are incurred when the company takes…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: Prime cost means the addition of direct material and direct labor and other direct expenses.…

Q: KK Ltd makes and sells one product, which has the following standard production cost. GHC Direct…

A: Marginal Costing - In this type of costing system, variable costs are charged to cost units and the…

Q: The West Company’s cost structure for a certain items at a level of 20,000 units per month are as…

A: Variable costs are those costs which change directly with change in level of activity.

Q: Kubin Company’s relevant range of production is 14,000 to 20,500 units. When it produces and sells…

A: Solution:- working notes as follows under:-

Q: GEM Limited has a single product Flicks. The company normally produces and sells 80,000 units of…

A: This is a problem of decision making. The decision can be made by analysing the current state of…

Q: RHO Company began operations on January 1 and produces a single product that sells for $ 10.25 per…

A: STANDARD COSTS ARE ESTIMATES OF THE COST OF THE GOODS SOLD THAT IS THE COST REQUIRED TO PRODUCE A…

Q: Reta Inc has the following cost details:     per kg. Material cost= 200 Direct labour= 40…

A: As per the Accounting standard "Valuation of Inventories" cost of conversion includes a systematic…

Q: Kubin Company’s relevant range of production is 18,000 to 22,000 units. When it produces and sells…

A: Particulars Amount Direct materials $7.00 Direct labor 4.00 Variable manufacturing overhead…

Q: Kubin Company’s relevant range of production is 18,000 to 22,000 units. When it produces and sells…

A: Manufacturing cost includes: Direct material Direct labor Direct expenses Manufacturing overhead…

Q: Comet​ Canisters, Inc. has collected the following data for the current​ year:   Beginning…

A: Unit product cost under absorption costing  = Direct material + Direct labour + Variable…

Q: GEM Limited has a single product Flicks. The company normally produces and sells 80,000 units of…

A: A Decision analysis is a problem which makes use of the relevant cost approach in order to decide…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: The incremental cost is also known as marginal cost. It is an additional cost incurred due to an…

Q: Boswell company reported the following information for the current year: Sales (50,000 units)…

A: Break Even Point (BEP) represents that particular point of sale where there is no operating…

Q: 1. How many units are in ending inventory? 2. Without preparing an income statement, indicate what…

A: Variable costing income statement is the statement in which the cost of goods which has been sold by…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: Step2 in the solution.

Q: The Cost Sheet of a product is given as under: OMR Direct Materials 6.00 Direct Wages 3.00 Factory…

A: There are two types of cost in the business. One is fixed costs and variable costs. Fixed costs are…

Q: If 12,500 units are produced, what is the average fixed manufacturing cost per unit produced? (Round…

A: In accounting fixed costs remain fixed only within the relevant range of production. When the…

Q: Kren processing company uses 2,400 units of a product per year on a continuous basis. The product…

A: At Economic Order Quantity the total cost is minimum. Formula: EOQ=2×Annual demand× cost per…

Q: WZY processing company uses 2,400 units of a product per year on a continuous basis. The product…

A: EOQ= 2×A×OCWhere,A=Annual demandO=Ordering costC= Carrying cost

Q: Panther Tyres Inc., produces 50,000 units each day, and the average number of units in work in…

A: Comments; Multiple questions asked  Carrying cost - It is the cost of holding the inventory in the…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: Variable costs are costs that change with each level of output while fixed costs do not change with…

Q: You are required to prepare forecasted Income statement for 19B, if the prime cost is 60% of cost of…

A: Current Year Income Statement and Forecasted Income Statement is Given Below,

Q: A company uses components at the rate of 15,000 units per year, which are bought in at a cost of…

A: Holding cost:-This cost incurred in carrying the inventory in-store, therefore it is also known as…

Q: MZE Manufacturing Company has a normal plant capacity of 37,500 units per month. Because of an…

A: Monthly fixed costs and expenses are irrelevant costs because they will not increase with the…

Q: Explorer Company has an annual plant capacity of 3,000 units. Data concerning this product are given…

A: Amount  Sales (500 units X $ 45 per unit)  $          22,500 Less: Relevant Costs   Direct…

Q: The following information pertains to Vladamir, Inc., for last year: Beginning inventory, units…

A: Calculation of product cost per unit under variable costing : Particulars  Amount Direct…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: Product cost includes all the direct expenses and indirect manufacturing overhead like direct…

Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…

A: Variable costs :- are costs that change with each level of output while fixed costs do not change…

Q: The West Company’s cost structure for a certain items at a level of 20,000 units per month are as…

A: Variable production cost per unit = Direct material + Direct labor + Variable indirect cost = $1 +…

Q: Explorer Company has an annual plant capacity of 3,000 units. Data concerning this product are given…

A: Please find the answer to the above question below:

Q: Jharna Ltd. Co. is currently operating at 50% capacity and produces 10,000 units at a cost of Rs.…

A: Formulas for the above table: