during september, 40,000 units were produced

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The equivalent units for conversion costs for the month were 47,500 units. The standard quantity of material allowed per unit was 5 pounds at a standard cost of $2.50 per pound. 20,000 units of the product were manufactured in a period during which 19,700 units were sold. For this process, materials are 70% complete and the units are 30% complete with respect to conversion. B. control account. 60. Units completed during September 29,700. During the month, 42,000 units were started and 40,000 units were completed and transferred out of the department. Reply. variable selling expenses are ₹ 12 per sold unit. . Of these units, 24,000 were in process at the beginning of the period. During September, 40,000 units were produced. PDF Multiple Choice Questions - Harper College 16000 tones were produced during the year. The total joint production cost for August was $1,800,000. 0.90 per hour. These were 100% complete as to materials and 25% complete as to conversion cost 1200 units were added to production during September, and these had materials costs of P168,000. The company used 29,000 direct labor hours for production. Orange: Connect - Managerial Accounting Chapter 3 - Blogger Enter the email address you signed up with and we'll email you a reset link. The standard quantity of : 1362485. Chapter 1 COST SHEET - OMTEX CLASSES The debit balance in cost of goods sold account for September 2018 was (A) Rs.14,00,000 (B) Rs.14,80,000 (C) Rs.15,90,000 600 d. 2,000. test bank chapter 4 process costing - Tài liệu text except that 60,000 of the 70,000 units produced were sold. Safin considers indirect labor to be a variable cost. Labour cost variance will be: (A) Rs. Explain and Compute Equivalent Units and Total Cost of Production in an ... accounts problem with detailed solutions. During the year, 30,000 direct labor hours were worked. Exercise-1 (Unit product cost under variable and absorption costing 500 c. 1,500. b. PDF Suggested Answer Syl16 Dec2018 Paper 15 - icmai.in In accordance with the standard two units of Material D and one unit of Material E should be used to make each unit of Product F. In January, 7,000 units of Product F were made and 15,050 units of Material D were used and 7,175 units of Material E were used. A total of 2,000 units were produced on Job 1512. For material B, the actual inventory units at September 1 were 22,000 units and budgeted inventory units at September 30 are 24,000.

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