Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in progress is 12000, and closing stock of Work in progress is 13500 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 14000 OMR, Cost of goods manufactured 958000 OMR Calculate unit production cost if total manufacturing units as 2500 a. 121.368 OMR per unit b. 120.368 OMR per unit OC 119.368 OMR per unit O d. None of These

Q: Q1 Mr.Fahim furnishes the following data relating to the manufacture of a standard product during…

A: A cost sheet is a statement which represents the various costs incurred at different stages of…

Q: Waterway Industries has beginning and ending work in process inventories of $120000 and S135000…

A: Total cost of goods manufactured = Beginning work in process inventory + total manufacturing costs -…

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Manufacturing cost is related to production of goods in the factory. It includes all direct material…

Q: The following costs relate to Antonio Industries for the last quarter: Conversion cost Direct…

A: Prime cost refers to the sum of direct material and direct labor of the entity.

Q: Seved Marutechring ovetheaed was estimated to be $40Q,00 for the year along with 20,000 direct labor…

A: Predetermined overhead rate = estimated total manufacturing overhead cost / direct labor-hours =…

Q: The normal capacity of an entity is 350 000 units per annum. The raw material cost is R220 per unit…

A: Cost of sales :     In cost accounting, the measure "cost of sales" tells about the total cost…

Q: In July 2020, ABC Co. computed its equivalent unit costs under FIFO process costing as follows:…

A:

Q: LBC's beginning work-in-process inventory is P 376,000, ending work-in-process inventory is P…

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

Q: Estimated sales of a product is 30000 units. Two kinds of raw materials X and Z are required for…

A: The question is multiple choice question  Required  Choose the Correct Option

Q: Estimated sales of a product is 25000 units. Two kinds of raw materials A and B are required for…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Cost of goods available for sale  = Opening stock of finished goods + Cost of goods manufactured

Q: Norman Company produced 1,000 units of a product which was sold at a price of P95.00 each. Total…

A: Conversion costs are costs related with direct labour and manufacturing overhead of the business.…

Q: Following information relating to a type of raw material is available: Annual demand 2,400 units,…

A: From the given information, Annual Demand (D) = 2,400 units Ordering cost (S) = OMR 4 Storage cost…

Q: ABC Company uses a backflush costing system with three trigger points: Purchase of direct materials…

A: Backflush costing system means the system which first calculated the cost of goods produced and cost…

Q: 26. How many units were in the beginning work-in-process? In July 2020, ABC Co. computed its…

A:

Q: Manar Enterprises manufactures a product A. The following particulars are given for Material X used…

A: *As per the bartleby guideline in case of sub-parts we are supposed to answer first 3  EOQ means…

Q: In July 2020, ABC Co. computed its equivalent unit costs under FIFO process costing as follows:…

A: The cost per unit is calculated as total cost divided by number of equivalent units.

Q: In July 2020, ABC Co. computed its equivalent unit costs under FIFO process costing as follows:…

A: The total cost is calculated as equivalent units multiplied by cost per equivalent unit.

Q: 4. JV Company began operations on Jan. 1, 2020 and produces a single product that sells for P7 per…

A: Under absorption costing cost of production include  variable and fixed production costs.   Here,…

Q: Equivalent units of production based on weighted-average are: 5,000 units material, 200,000 units…

A:

Q: Equivalent units of production based on weighted-average are: 100,000 units material, 80,000 units…

A: Process costing is one of the method of cost accounting, under which product has to go through…

Q: The normal capacity of an entity is 350 000 units per annum. The raw material cost is R220 per unit…

A: Normal capacity = 350 000 units per annum. Raw material cost = R220 per unit and direct labour =…

Q: Opening stock of work in progress is 7500, and closing stock of Work in progress is 10000…

A: Costs of production is the total costs incurred for the manufacturing and production of goods. It…

Q: Cost of Production 238600 Opening stock of WIP 44400 Opening stock of FG…

A: The manufacturing industries need to have a production process. All the costs relating to production…

Q: Using FIFO method, the started in process units is? Using FIFO method, the unit cost is? Using…

A: Let units started = x units  Units started and completed = x units - ending inventory units  = x…

Q: ach year at a selling price of $54 per unit. The company's unit costs at this level of activity…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: 751 The company manufactures a single product; during the current year, 45,000 units were manufac-…

A: a. Cost of finished goods manufactured: $1,350,000. b. Average unit cost per unit: $30. c. Cost of…

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Unit production cost means how much cost has been incurred on production and manufacturing of a…

Q: The following extract of costing information relates to commodity “A’ for the half year 31st…

A: Since you have asked multiple questions, we will answer the first full question for you. Kindly…

Q: Raw Material Consumed is 25000 OMR, Prime cost is 338000 OMR, Cost of Production is 471800 OMR, cost…

A: Cost of goods available for sale means the cost of opening finished goods and total cost of goods…

Q: Prime cost is 86000 OMR, Cost of production 84600 OMR, Opening stock of work in progress is 20000,…

A: Formula: unit production cost = Total Cost of production / Manufacturing units

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Given that, Prime cost is 236000 OMR cost of production for the year is 298420 OMR Opening stock of…

Q: The following data relates to the operations of company A; direct material cost per unit- ghc5,…

A: Working Note: Direct labor hours per unit = direct labour cost per unit / direct labor hours per…

Q: Estimated sales of a product is 25000 units. Two kinds of raw materials P and Q are required for…

A:

Q: Raw Material Consumed is 255000 OMR, Direct labor is 28000 OMR, Direct expenses is 38000 OMR,…

A: Cost of production = Raw Material Consumed + Direct labor + Overhead Cost + Opening stock of work in…

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Cost of goods sold  = Opening stock of finished goods + Cost of goods manufactured - Closing stock…

Q: 7) Raymond Inc. has the following information in its books for the month of November 2020. 1 Nov.…

A: NOTE : As per BARTLEBY guidelines, when multiple questions are given, then first question is to be…

Q: Costs of manufactured are 958000 OMR, Prime cost is 866000 OMR, and Factory overheads are 12 % of…

A: Cost of goods manufactured = $958,000 Prime cost = $866,000 Fatory overhead = $103,920 (866,000*12%)…

Q: Calculate the material, labour, and variable overheads variances for April 2020.

A: Variance analysis is the analytical tool that helps to determine the difference between the actual…

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: The maximum amount of goods, or inventory, that a corporation can sell during an accounting period…

Q: You are provided the following production information for the month of October 2020 Material A…

A: Under the FIFO method  Cost per Equivalent unit = Current month's cost / Equivalent units   Under…

Q: Estimated sales of a product is 30000 units. Two kinds of raw materials P and Q are required for…

A: Direct material purchase budget shows how much amount is expected to be spent on purchase of…

Q: cost of production

A: Cost of production  is the expenses incurred to produce the products of an entity.

Q: Opening stock of Raw material is 20000 OMR, Prime cost is 86000 OMR, and Factory overheads are 10 %…

A: SOLUTION- COST OF GOOD SOLD  IS THE SUM TOTAL OF MANUFACTURING COSTS INCURRED TO PRODUCE THOSE…

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Formula: Cost of goods available for sale = Beginning finished goods + cost of goods manufactured.

Q: Muscat Company has a beginning and ending work in process inventories of OMR 130,000 and OMR 145,000…

A:

Q: salarıes of P80,000. The total factory utilities expense incurred for the period was P360,000,…

A: The work in process includes the cost of goods that were started during previous year but are not…

Q: The normal capacity of an entity is 350 000 units per annum. The raw material cost is R220 per unit…

A: Cost of Sales is the amount obtained by Subtracting Profit from the Sales.

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Prime costs are direct costs that includes the cost of direct material and direct labor involved in…