Question

M/S Jain Metal Works produces two types jeep
Bodies namely Xand Y.The
production for
the month of June 2019 was : X 500 units,
Y- 750 units and expenses incurred were:
Materials: Rs 200000,
wages & 40000, stores overhead Rs 10000,
Depreciation on tools :Rs 20000,
Machine expenses:Rs 30000,
Labour welfare expenses: Rs 2800 & other factory
expenses Rs 36000 : selling and distribution expenses: Rs 84700
The relevant informations are:material cost ratio per unit of X and Y is 3:2 respectively, labour cost ratio per unit of X and Y is 1:2 respectively ,machine utilisation ratio per unit of X and Y is 1:1 respectively.
Calculate cost of each article.
Make your assumptions
on sound costing principles and give reasons.​

Answer 1

Answer:

Explanation:

M/S Jain Metal Works produces two types jeep

Bodies namely Xand Y.The

production for

the month of June 2019 was : X 500 units,

Y- 750 units and expenses incurred were:

Materials: Rs 200000,

wages & 40000, stores overhead Rs 10000,

Depreciation on tools :Rs 20000,

Machine expenses:Rs 30000,

Labour welfare expenses: Rs 2800 & other factory

expenses Rs 36000 : selling and distribution expenses: Rs 84700

The relevant informations are:material cost ratio per unit of X and Y is 3:2 respectively, labour cost ratio per unit of X and Y is 1:2 respectively ,machine utilisation ratio per unit of X and Y is 1:1 respectively.

Calculate cost of each article.

Make your assumptions

on sound costing principles and give reasons.​

Answer:

 

Explanation: