Costing

1. Consider the data below and answer the questions based on it. Factory Expenses = Rs. 30000 Administrative Expenses = Rs. 20000 Labour Cost = Rs. 25000 Materials = Rs. 35000 Selling Expenses = Rs. 10000 Ascertain the prime cost with the help of the given cost data.

Rs. 50000
Rs. 60000
Rs. 70000
Rs. 80000 E. Rs. 90000

Detailed SolutionConsider the data below and answer the questions based on it. Factory Expenses = Rs. 30000 Administrative Expenses = Rs. 20000 Labour Cost = Rs. 25000 Materials = Rs. 35000 Selling Expenses = Rs. 10000 Ascertain the prime cost with the help of the given cost data.

8. Calendar Ratio =

$$rac{{{ ext{Number of actual working days in a period}}}}{{{ ext{Number of working days in the budget period}}}} imes 100$$
$$rac{{{ ext{Actual hours worked}}}}{{{ ext{Budgeted hours}}}} imes 100$$
$$rac{{{ ext{Standard hours for actual production}}}}{{{ ext{Actual hours worked}}}} imes 100$$
$$rac{{{ ext{Standard hours for actual production}}}}{{{ ext{Budgeted standard hours}}}} imes 100$$

Detailed SolutionCalendar Ratio =

9. If beginning work-in-process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work-in-process equivalent units are 5000 units, then complete equivalent units 8 in current period are

1800 units
1500 units
1300 units
1000 units

Detailed SolutionIf beginning work-in-process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work-in-process equivalent units are 5000 units, then complete equivalent units 8 in current period are

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