2000 kgs of art board valued at rs8000 were issued for the, Ask an Expert

Accounting

2,000 kgs. of Art Board valued at Rs.8,000 were issued for the manufacture of medium sized cartons. The following details were collected:

(a) 2,400 Nos. medium sized cartons weighing 0.50 kg. each were manufactured.
(b) 480 kg. of offcuts were used for the manufacture of small sized carton. This would have amounted to Rs.1,000.
(c) 320 medium sized cartons were damaged and rectification costs came up to Rs.160.
(d) 120 kg. of offcuts were sold as scrap for Rs.20.

You are required to calculate the cost of one medium sized carton assuming that there are no opening or closing stocks

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91795365

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - lucky treasures enterprises issued 9 8-year

Question - Lucky Treasures Enterprises issued 9%, 8-year, $2,000,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2013 and are issued on that date. The discount ra ...

Question assume you have just been hired as the chief human

Question: Assume you have just been hired as the Chief Human Resources Officer (CHRO) for any Fortune 500 company of your choice (must be a different company than was employed for your Team Application, Reflection, and S ...

Question transfer pricing is the pricing of assets funds

Question: Transfer pricing is the pricing of assets, funds, services, etc., transferred among related organizations. Using your textbook, the Argosy University online library resources, and the Internet, conduct research ...

Question - on december 31 2012 grant williams enterprises

Question - On December 31, 2012, Grant Williams Enterprises, Inc. (GWE) had income from continuing operations before taxes of $1,800,000. Additionally the following items occurred during 2012 which are not included in th ...

Question - computation of future values and present values

Question - Computation of Future Values and Present Values - Using the appropriate interest table, answer each of the following questions. (Each case is independent of the others.) (a) What is the future value of $7,000 ...

Question - assume that a parent company owns 100 of its

Question - Assume that a Parent company owns 100% of its Subsidiary. On January 1, 2016 the Parent company had a $1,000,000 (face) bond payable outstanding with a carrying value of $1,070,000. The bond was originally iss ...

Question - dan bought a hotel for 2600000 in january 2012

Question - Dan bought a hotel for $2,600,000 in January 2012. In May 2016, he died and left the hotel to Ed. While Dan owned the hotel, he deducted $289,000 of cost recovery. The fair market value in May 2016 was $2,800, ...

Question - donuts r us sells expensive donuts the companys

Question - Donuts R Us sells expensive donuts. The company's annual fixed costs re $54000. The sales price of a donut is $10, and it costs the company $6 to make each donut. Ignore income taxes for the following requirem ...

Question - domingo entity entered into a contract to

Question - Domingo Entity entered into a contract to exchange a liability. However, this particular liability does not have a quoted price in Domingo's principle market. Sabado Entity holds an asset similar to the liabil ...

Question - watson a calendar year corporation reported

Question - Watson, a calendar year corporation, reported $1,250,000 net income before tax on its financial statements prepared in accordance with GAAP. During the year, Watson exchanged one piece of commercial real estat ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert