Maridadi Ltd. Produces a product that passes through two distinct processes. The following information was obtained from the accounts of the company for the month...(Solved)
Maridadi Ltd. Produces a product that passes through two distinct processes. The following information was obtained from the accounts of the company for the month of July 2022.
Particulars Process A Process B
Sh. Sh.
Direct materials 78,000 59,400
Direct wages 60,000 90,000
Production overheads 60,000 90,000
At the beginning of the month of July 2022, 3,000 units of sh.30 each were introduced to process A. There were no stock of materials or work-in-progress.
The output of each process passes directly to the next process and finally to the finished goods stock account.
The following additional data was obtained:
Process Output Percentage of normal loss to input Scrap value of normal loss per unit
Sh.
Process A 2,850 5% 20
Process B 2,520 10% 40
Required:
(i) Process A account.
(ii) Process B account.
Date posted: November 14, 2022. Answers (1)
Outline four limitations of process costing.(Solved)
Outline four limitations of process costing.
Date posted: November 14, 2022. Answers (1)
Zaea Ltd. Produces two products namely; Z and R. The following information relates to the budget for the year ended 30 June 2022:
...(Solved)
Zaea Ltd. Produces two products namely; Z and R. The following information relates to the budget for the year ended 30 June 2022:
Product Z Product R
Sh. Sh.
Selling price per unit 6 12
Variable cost per unit 2 4
Contribution per unit 4 8
Fixed costs apportioned 100,000 200,000
Units sold (kgs) 70,000 30,000
Required:
(i) Calculate the break-even points for each product.
(ii) The break-even point of product Z to achieve a target profit of sh.60,000.
(iii) The margin of safety of product R.
(iv) The product to produce based on the break-even-point calculated in (b) (i) above.
Date posted: November 14, 2022. Answers (1)
Highlight four causes of labour turnover in an organization.(Solved)
Highlight four causes of labour turnover in an organization.
Date posted: November 14, 2022. Answers (1)
Unik Ltd., a leading manufacturer of ceramic tiles is preparing its cost estimation for the master budget. A cost accountant has derived the following data...(Solved)
Unik Ltd., a leading manufacturer of ceramic tiles is preparing its cost estimation for the master budget. A cost accountant has derived the following data on a weekly output of standard size tiles from a factory.
Week output Total overheads
Units "000" Sh. "000"
1 20 60
2 2 25
3 4 26
4 23 66
5 18 49
6 14 48
7 10 35
8 8 18
9 13 40
10 8 33
Where:
∑X= 120 ∑Y= 400 ∑X2= 1,866 ∑Y2= 18,200 ∑XY= 5,704
Required:
(i) Using the least squares regression method, formulate a predictor equation in the form of y = a + bx.
(ii) In week II, the factory planned to produce 25,000 standard size tiles. Estimate the total cost of producing thus quantity.
Date posted: November 14, 2022. Answers (1)
Explain three users of management accounting information(Solved)
Explain three users of management accounting information
Date posted: November 14, 2022. Answers (1)