Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Cost Accounting Expert

problem 1: Medical Aids Corporation manufactures a special product ‘A’. The given particulars were collected for the year 1991:

a) Monthly demand of ‘A’ 1,000 units
b) Cost of placing an order Rs. 100
c) Annual carrying cost per unit Rs. 15
d) Normal usage 50 units per week.
e) Minimum usage 25 units per week
f) Maximum usage 75 units per week
g) Re-order period 4 to 6 weeks

find out from the above:

A) Re-order Quantity
B) Re-order level
C) Minimum Level
D) Maximum Level
E) Average Stock-Level.

problem 2: Pumpkin Pump Corporation uses around 75,000 values per year and the usage is quite constant at 6,250 values per month. The values cost Rs. 1.50 per unit when bought in quantities and the carrying cost is estimated to be around 20% of average inventory investment on the annual basis. The cost to place an order and method the delivery is Rs. 18. It takes 45 days to receive delivery from the date of an order and a safety stock of 3,200 values is desired.

You are required to find out:

a) The most economical order quantity and frequency of orders
b) The order point
c) Describe the problems that most of the firms would have in attempting to apply the economic order quantity (EOQ) formula to their inventory problems.

problem 3: A manufacturer who has recently set up the factory used cost price as the basis for charging out materials to jobs. The receipts side of stores ledger account exhibits the given particularly:

500 articles bought at Rs. 3.00 each
700 articles bought at Rs. 3.10 each
400 articles bought at Rs. 3.20 each
800 articles bought at Rs. 3.10 each

Successive issues were made of 300, 1,000 and 200 articles.

a) At what price per article must each of these issues be charged under the FIFO Method?

b) Describe in brief the various methods of charging out the materials issued to job.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M98452

Have any Question? 


Related Questions in Cost Accounting

Question 1 high-low methodtucson tractor inc has

Question 1 High-low method Tucson Tractor Inc. has accumulated the following data over a six month period   Indirect Labor Hours Indirect Labor Costs January......................... 400 $ 6,000 February................. ...

Cost of capital assignment questions -1 what does the cost

Cost of Capital Assignment Questions - 1. What does the cost of capital represents? What is should reflect? 2. How do taxes affect the cost of debt? 3. What are the retained earnings? Do they have any costs for the firm? ...

Problem 1 master budgetomega inc has developed the

Problem 1: Master Budget Omega, Inc. has developed the following sales forecast for the first six months of the coming year Month Sales (in units) January 30,000 February 50,000 March 70,000 April 80,000 May 60,000 June ...

Write 500 words that respond to the following

Write 500 words that respond to the following questions: • Discuss what absorption, variables, and throughput costing are. • Determine when each would be used. • Provide an explanation and example of all three.

Accounting assignmentmotorcade company has three service

Accounting Assignment Motorcade Company has three service departments (S1, S2, and S3) and two production departments (P1 and P2). The following data relate to Motorcade's allocation of service department costs:   Budget ...

For your assignment you will apply the fundamental concepts

For your Assignment, you will apply the fundamental concepts of accounting and finance that you are studying to complete several problems indicative to real-world business scenarios and challenges. For this Assignment, t ...

Requirementsdo not use any direct quotes andor cut and

Requirements: Do not use any direct quotes and/or cut and pasted information (i.e. your discussion is to be 100% your thoughts, ideals and insights). A minimum 350 words are required (this is the minimum and totally feel ...

Final project milestone three guidelinesoverview

Final Project Milestone Three Guidelines Overview: Classifying a company's costs allows for an in-depth analysis of the impact that changes in output have on revenues, costs, and net income or net loss. A cost-volume-pro ...

Accounting1 lisa inc estimates that its employees will

Accounting 1. Lisa Inc. estimates that its employees will utilize 200,000 direct labor hours during the coming year. Total overhead costs are estimated to be $6,700,000 and machine hours are estimated to be 100,000. Actu ...

Question 1pringle company distributes a single product the

Question 1. Pringle Company distributes a single product. The company's sales and expenses for a recent month follow:   Total    Per Unit   Sales $ 300,000   $ 20        Variable expenses   210,000     14          Contri ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen