The following transactions relate to the AKHTER CORP. for the month of November 2015: Product - A Product – B Production 10,000 units 8,000 units Beginning Inventory 1,000 units 900 units Ending Inventory 2,000 units 100 units Unit Cost applicable to inventories and Production Direct Material Rs. 4 per unit Rs. 3 per unit Direct Labour Rs. 10 per unit Rs. 20 per unit Factory Overhead Rs. 7 per unit Rs. 14 per unit Actual FOH was Rs. 182,400, under or over applied factory overhead is to be adjusted in Cost of Goods Sold. Calculate Prime Cost.
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The following transactions relate to the AKHTER CORP. for the month of November 2015:
Product - A
Product – B
Production
10,000 units
8,000 units
Beginning Inventory
1,000 units
900 units
Ending Inventory
2,000 units
100 units
Unit Cost applicable to inventories and Production
Direct Material
Rs. 4 per unit
Rs. 3 per unit
Direct Labour
Rs. 10 per unit
Rs. 20 per unit
Factory Overhead
Rs. 7 per unit
Rs. 14 per unit
Actual FOH was Rs. 182,400, under or over applied factory overhead is to be adjusted in Cost of Goods Sold.
Calculate Prime Cost.
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