April/May 2023 NIMS assignment help-Ether Corporation produces four products in a manufacturing process. The Company produced 20,000 units of A, 40,000 units of B, 30,000 units of C and 50,000 units of D. The costs before split off point for the four products were Rs. 2, 80,000. Using the average unit cost method (b) How, the joint cost would be apportioned amount the products. (5 Marks) Calculate equivalent production from the following details:
April/May 2023 NIMS assignment help-Ether Corporation produces four products in a manufacturing process. The Company produced 20,000 units of A, 40,000 units of B, 30,000 units of C and 50,000 units of D. The costs before split off point for the four products were Rs. 2, 80,000. Using the average unit cost method (b) How, the joint cost would be apportioned amount the products. (5 Marks) Calculate equivalent production from the following details
Cost Accounting
-
From the following details of stores receipts and issues of material in a manufacturing unit, you are required to prepare the Stock Ledger for the month of November 2021 using “Weighed Average” method of valuing the issues:
TABLE BELOW
Nov. 1 |
Opening Stock 2,000 units @ Rs. 5 each |
Nov. 3 |
Issued 1,500 units to Production. |
Nov. 4 |
Received 4,500 units @ Rs. 6.00 each. |
Nov. 8 |
Issued 1,600 units to Production |
Nov. 9 |
Returned to stores 100 units by Production Department (from the issues of November 3) |
Nov. 16 |
Received 2,400 units @ Rs. 6.50 each. |
Nov. 19 |
Returned to the supplier 200 unit out of the quantity received on November, 4 |
Nov. 20 |
Received 1,000 units @ Rs. 7.00 each. |
Nov. 24 |
Issued to Production 2,100 units. |
Nov. 27 |
Received 1,200 units @ Rs. 7.50 each |
Nov. 29 |
Issued to Production 2,800 units (use rates upto two decimal places). |
-
HM Ltd. undertook a contract on 1st April 2021 for Rs. 10,00,000. On 31st March 2022 when the accounts were closed, the following details about the contract were gathered:
Materials purchased Wages paid 2, 00,000
General expenses 90,000
Plant purchased 20,000
Materials in hand 31.3.2022 1, 00,000
Wages accrued 31.3.2022 10,000
Work certified 4,00, 000
Cash received 3, 00,000
Work uncertified 30,000
Depreciation of plant 10,000
The contract contained an escalation clause which read as “In the event of increase(s) of prices of materials and rates of wages by more than 5% the contract price would be increased accordingly by 25% of the rise of the cost of materials and wages beyond 5% in each case”.
It was found that since the date of signing the agreement, the prices of materials and wage rates increased by 25%. The value of the work certified does not consider the effect of the above clause. Prepare the contact account. (10 Marks)
-
a. Ether Corporation produces four products in a manufacturing process. The Company produced 20,000 units of A, 40,000 units of B, 30,000 units of C and 50,000 units of D. The costs before split off point for the four products were Rs. 2, 80,000. Using the average unit cost method
(a) Calculate the unit cost, and
(b) How, the joint cost would be apportioned amount the products. (5 Marks)
-
b. Calculate equivalent production from the following details:
Opening stock of work- in-progress 8,000 units 40% complete.
Units completed: 64,000
Units put into process: 60,000
Closing stock of work- in-progress 4,000 units, 60% complete. (5 Marks)
April/May 2023 NIMS assignment help-Ether Corporation produces four products in a manufacturing process. The Company produced 20,000 units of A, 40,000 units of B, 30,000 units of C and 50,000 units of D. The costs before split off point for the four products were Rs. 2, 80,000. Using the average unit cost method (b) How, the joint cost would be apportioned amount the products. (5 Marks) Calculate equivalent production from the following details
Welcome to Case Study Help
We at Case Study offer all types of online academic assistance, be it homework help, coursework help, case study help, Assignment help, Project Reports, Thesis, Research paper writing help.
And for each service, each subject and each topic, we dedicate an expert writer who has knowledge in that specific field of study. Experience impeccable academic writing service like never before.
Our experts understand that the time of the customers is very precious. The professors of universities and colleges are very rigorous about the submission deadlines of projects or assignments. Hence, the key objective of our case study help service is to deliver the assignments to the customers even before the promised submission deadlines.
We keep the quality measures for all papers which mean we will provide best essays. Our editing services are also excellent. Before submitting any essays, we will check whether the papers writer well or not. The high standards of academic writing will exceed your expectations. With our quality service, we have satisfied more number of people across the world and also work with different universities in Australia, UK, USA, Dubai, Oman, etc.
info@casestudyhelp.in
info.casestudyhelp@gmail.com
https://www.casestudyhelp.in
+91-9902787224