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The following transactions relate to the SHAINA 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 Manufacturing Cost.

The following transactions relate to the SHAINA 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 Manufacturing Cost.

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 9EA: Using the weighted-average method, compute the equivalent units of production if the beginning...
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The following transactions relate to the SHAINA 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 Manufacturing Cost. 

The following transactions relate to the SHAINA CORP. for the month of November 2015: Product - A Product – B Production 10,000 units 8,000 units Beginning Inventory Ending Inventory 1,000 units 900 units 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 Manufacturing Cost.
Transcribed Image Text:The following transactions relate to the SHAINA CORP. for the month of November 2015: Product - A Product – B Production 10,000 units 8,000 units Beginning Inventory Ending Inventory 1,000 units 900 units 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 Manufacturing Cost.
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