Cost Accounting- Doc

Added on - 30 Sep 2019

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COST ACCOUNTING
Cost AccountingTable of ContentsQuestion 1..................................................................................................................................2Question 2-A..............................................................................................................................2Question 2-B..............................................................................................................................3Question 3..................................................................................................................................3Question 4..................................................................................................................................4Question 5..................................................................................................................................4Question 6..................................................................................................................................51
Cost AccountingQuestion 1Particulars$/unit$$Sales (45000 units)10450000less: Variable CostDirect Material2.0090000Direct Labor1.7478300Variable Manufacturing Overhead0.3013500Sales Commission0.6027000Shipping0.125400Billing and others0.041800216000Contribution5.20234000less: Fixed CostFixed Manufacturing Overhead85000Selling Expense (Advertising, Salaries)120000Administrative Expense (Salaries and other)48000253000Net Profit/(Loss)(0.42)(19000)Question 2-AParticulars$/unit$$Sales (75000 units)8600000less: Variable CostDirect Material2.00150000Direct Labor1.74130500Variable Manufacturing Overhead0.3022500Sales Commission0.8036000Shipping0.129000Billing and others0.043000351000Contribution3.32249000less: Fixed CostFixed Manufacturing Overhead85000Selling Expense (Advertising, Salaries)120000Administrative Expense (Salaries and other)48000253000Net Profit/(Loss)(0.05)(4000)The loss under Vice President’s proposal will be $4000.2
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