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

Module 3 - slpstrategic choicessimulationin module 3 you

Module 3 - SLP Strategic Choices SIMULATION In Module 3, you will use CVP analysis to inform the pricing of your 3 products. SCENARIO CONTINUATION: You've now completed SLP2, and it the date is (once again) January 1, 20 ...

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? ...

Discuss cost management as a professionname three

Discuss cost management as a profession Name three professional cost management organizations and explain their roles. Where in the corporate, not for profit, areas would cost accountants work and what types of work woul ...

Scenario-you seemed to develop significant interest with

Scenario- You seemed to develop significant interest with your talk on the future of cost accounting. Your boss has heard about the excellent presentation and you are hopeful that your early retirement will take place. A ...

Cost accounting- little debbie brownieshere is a copy of

Cost Accounting- Little Debbie Brownies Here is a copy of the assignment. My snack of choice is the Little Debbie Fudge Brownies Comprehensive Product Costing Select your favorite drink or snack item manufactured by a pu ...

Quiz1 a process cost system would be used for all of the

QUIZ 1 A process cost system would be used for all of the following products except computer chips. chemicals. motion pictures. soft drinks. 2 Differences between a job order cost system and a process cost system include ...

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 ...

Instructionsnbspbull all questions carry equal marksbull

Instructions:   • All Questions carry equal marks. • All Questions are compulsory • All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3in not more than 500 words for each subse ...

Assignment1 the following information is from the

Assignment 1. The following information is from the manufacturing budget and the budgeted financial statements of Fabor Fabrication: Compute the budgeted amounts for: a. Purchases of direct materials during the year. b. ...

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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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