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::: vuaskari.com ::: MGT402 assignment 2 Complete solution spring 2013

Solution:

Molding Department:

Quantity Schedule:

Units Put into process                                                                           18,200

Units completed and transferred to Assembly department           14,000

Still in process                                                                          3,500

Unit lost                                                                                      700    18,200

Cost Charged by the department:                                              Total Rs. 

Direct material                                                                                210,000

Direct Labor                                                                                     77,000

FOH                                                                                                 38,500

Total                                                                                             325,500

Equivalent units produced:

Direct material                 14,000+(3500x100%)                 17,500

Direct labor & FOH           14,000+(3500x50%)                   15,750

Unit cost:                                                                         Rs.

Direct material          210,000/17,500                                 12.0000

Direct labor              77,000/15750                                      4.8889

FOH                         38,500/15750                                      2.4444

Total unit cost                                                                 19.3333

Apportionment of cost:

Transferred to next department   14,000x19.3333                270,666

WIP inventory

Direct material                             3500 x 12                          42,000

Direct labor                                 3500 x 0.5 x 4.8889             8,556

FOH                                             3500 x 0.5 x 2.444              4278

                                                                                         325,500

Assembly Department:

 Quantity Schedule:

Units received                                                                                    14,000

Completed and transferred to next dept                          11,000

still in process                                                                 2,200

Lost                                                                                  800           14,000

Cost charged by the department:

Cost from preceding department   14,00 x 19.3333                               270,666

Added by this department:

Material                                                                                                  2,200

Labour                                                                                                 45,000

FOH                                                                                                     33,000

                                                                                                         350,866

Equivalent Units produced: 

Material             11,000 + (2200x100%) +800                  14,000

labor & FOH       11,000 + (2200x70%) +800                    13,340

Unit Cost:

From preceding dept                      19.3333

Material        2200/14,000                0.1571

Labor         45,000/13,340               3.3733

FOH           33,000/13,340               2.4738 

Total unit cost                              25.3375

Cost transferred to the next dept:

11,000 x 25.3375                                                             278,713

Cost of units lost  800x25.3375                                           20,270

total cost transferred                                                      298,983    

Unit cost of the transferred units      298,983/11,000 = 27.1803

Apportionment of cost:

Transferred to next dept                                                                  298,983

WIP ending

Cost from preceding department       2,200 x 19.3333                           42,533

Material                                           2,200 x  0.1571                                345

labor                                               2,200 x .70 x 3.733                        5,195

FOH                                                2,200 x .70 x 2.4738                       3,810

                                                                                                      350,866

Finishing Department:

Quantity Schedule:

Units received from preceding dept.                                           11,000

Units completed                                                      9,000

still in process                                                         1,500

Unit lost                                                                     500       11,000

Cost charged by the department:


Cost received from preceding dept                                           298,983

Cost added by the department:

Labor                                                                                      52,000 

FOH                                                                                        41,000

                                                                                             391,983

Equivalent units produced: 

Labor & FOH            9,000 + (1500x.30) + (500x.70)   =          9800 Units

Unit cost: 

cost from preceding dept        298,983/11000        27.1803

Labor                                    52000/9800              5.3061

FOH                                       41000/9800             4.1837

Total Unit Cost                                                   36.6701

Apportionment of cost: 

Cost of units transferred           9000x36.6701                           330,031

WIP inventory:

cost charged in preceding dept   1500 x 27.1803                           40,770

Labor                                      1500x.30x5.3061                          2,388

FOH                                         1500x.30x4.1837                         1,833

Abnormal Loss:

Cost charged in preceding dept        500x27.1803                         13,590

Labor                                             500x.70x5.3061                     1,857

FOH                                               500x.70x4.1837                     1,464

                                                                                               391,983



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Regards
Ali Khan * ©yberian  *

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