Case#3 A product ismanufactured as a result of two processes, A and B.detail ofp
ID: 2444342 • Letter: C
Question
Case#3
A product ismanufactured as a result of two processes, A and B.detail ofprocess B for the
month of august wereas follow:
ParticularsRs.
Materials transferredfrom process A 10,000 kg valued at Rs.40,500
Labor Costs 1,000hours @ Rs.5.616 per hour
Overheads 50% of laborcosts
Output transferred tofinished goods 8,000 kg
Closing work inprogress 900 kg
Normal loss is 10% ofinput and losses do not have scrap value.
Closing work inprogress is 100% complete for material, and 75% complete for bothlabor and
overheads.
Read theabove case study carefully and write down the correctoption
number(e-g A, B, C, D) in the given Excel file
11. What is the valueof the abnormal loss in Rs?
A. Rs.Nil
B. Rs.489
C. Rs.544
D. Rs.546
12. What is the valueof the output (finished units) nearest to Rs?
A.Rs.43,977
B.Rs.39,139
C.Rs.43,488
D.Rs.43,680
13. What are theequivalent units of production as to material and labor &overheads in August?
Material Labor&overheads
A. 9,000 units 8,775units
B. 10,000 units 8,775units
C. 8,775 units 9,000units
D. 9,000 units 8,775units
14. What is the valueof total production cost in Rs?
A. Rs.8,424
B. Rs.5,616
C.Rs.40,500
D.Rs.48,924
15. What is the valueof the closing work in progress nearest to Rs?
A. Rs.4,403
B. Rs.4,892
C. Rs.4,947
D. Rs.4,698
Explanation / Answer
D D D D D