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

Assignment discussion-cost accumulation systemwhen

Assignment: Discussion-Cost Accumulation System When companies accumulate costs, they generally use either a job-order or a process costing system. The type of system used often varies based on the type of product or ser ...

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.

Case questionsmarriott corporation the cost of capital

Case Questions Marriott Corporation: The Cost of Capital (Abridged) 1. What is the weighted average cost of capital for Marriott Corporation? a. What risk-free rate and risk premium did you use to calculate the cost of e ...

Case questions rio grande medical center cost allocation

CASE QUESTIONS RIO GRANDE MEDICAL CENTER Cost Allocation Concepts 1. Is it "fair" for the Dialysis Center to suffer in profitability, and hence for the department head to possibly lose his bonus, just because the Outpati ...

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 ...

Cost accountingquestion 1 which of the following statements

Cost Accounting Question 1. Which of the following statements regarding differential costs is (are) false? (A). The full cost fallacy occurs when a decision-maker fails to include fixed manufacturingoverhead in the produ ...

Assignmentwhile a form of abc was being used by general

Assignment While a form of ABC was being used by General Electric back in the sixties, widespread use of ABC didn't began in the United States until the late eighties. The early focus of ABC was on developing more reliab ...

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 ...

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 ...

  • 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