During the month of March, 2018 the following costs were incurred in department No. 2 of Mian Paints Industry: Materials cost Rs.9,000, Labour cost Rs.4,250, F.O.H cost Rs : 5,100. During the month 20,000 units with a total cost of Rs.38,000 were transferred into department 2 from Department No, 1. Of these 15,000 units were completed and transferred to department No. 3 and 4,000 units were in process on 31 st March being 3/4 complete as to materials, 1/2 complete as to labour and factory overhead.

During the month of March, 2018 the following costs were incurred in department No. 2 of Mian Paints Industry: Materials cost Rs.9,000, Labour cost Rs.4,250, F.O.H cost Rs : 5,100. During the month 20,000 units with a total cost of Rs.38,000 were transferred into department 2 from Department No, 1. Of these 15,000 units were completed and transferred to department No. 3 and 4,000 units were in process on 31 st March being 3/4 complete as to materials, 1/2 complete as to labour and factory overhead.

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Description: During the month of March, 2018 the following costs were incurred in department No. 2 of MianPaints Industry: Materials cost Rs.9,000, Labour cost Rs.4,250, F.O.H cost Rs : 5,100.During the month 20,000 units with a total cost of Rs.38,000 were trans

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8EB: A production department within a company received materials of $7,000 and conversion costs of $5,000...

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