Cost Management Assignment
aCost Management
Assignment Semester 1 2011
Table of content
Detail: Pages
Introduction 1
Q.NO.1 2
Q.No.2 3
Q.No.3 4
Q.No.4 5
Q.No.5 6
Q.No.6 7
Summary: 8
Introduction
Cost Management delivers concise articles, experienced-based columns and case studies to evaluate how your present investment justification criteria and methods compare with those of other organizations, Learn about changing cost management methods and techniques and how they can be used to improve your company’s decision making in this assignment we going to workout calculate and try to find out different costs of company. In this assignment we going to calculate manufacturing overhead, product cost, period cost, cost of good manufactured and its income statement of the financial year, overhead rates for each activity and per unit costs and Production cost Report.
ASSIGNMENT QUESTIONSU AND ANSWERS
-------------------------------------------------
QUESTION 1
Answer…
A. Manufacturing Overhead Accounts Name | Amount ($) | Factory utilities | 11500 | Depn. On factory equipments | 46400 | Property taxes on factory building | 2500 | Indirect factory labour | 48900 | Indirect materials | 80800 | Factory repairs | 2000 | Factory managers salary | 8000 | Total manufacturing overhead | 200100 |
B. Product Costs Accounts name | Amount ($) | Direct Labour | 69100 | Direct material used | 137600 | Manufacturing Overhead | 200100 | Total product cost | 406800 |
C. Period Costs Accounts name | Amount ($) | Sales salaries | 12650 | Depn.. On delivery trucks | 3800 | Repairs to office equipment | 1300 | Advertising | 18000 | Office supplies used | 2640 | Total Period Costs | 38390 |
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QUESTION 2
Answer A. Costs of goods manufactured for December 2010 Detail | Amount | Amount | Raw material inventory Dec. 1 | $18,00 | | Raw material
Assignment Semester 1 2011
Table of content
Detail: Pages
Introduction 1
Q.NO.1 2
Q.No.2 3
Q.No.3 4
Q.No.4 5
Q.No.5 6
Q.No.6 7
Summary: 8
Introduction
Cost Management delivers concise articles, experienced-based columns and case studies to evaluate how your present investment justification criteria and methods compare with those of other organizations, Learn about changing cost management methods and techniques and how they can be used to improve your company’s decision making in this assignment we going to workout calculate and try to find out different costs of company. In this assignment we going to calculate manufacturing overhead, product cost, period cost, cost of good manufactured and its income statement of the financial year, overhead rates for each activity and per unit costs and Production cost Report.
ASSIGNMENT QUESTIONSU AND ANSWERS
-------------------------------------------------
QUESTION 1
Answer…
A. Manufacturing Overhead Accounts Name | Amount ($) | Factory utilities | 11500 | Depn. On factory equipments | 46400 | Property taxes on factory building | 2500 | Indirect factory labour | 48900 | Indirect materials | 80800 | Factory repairs | 2000 | Factory managers salary | 8000 | Total manufacturing overhead | 200100 |
B. Product Costs Accounts name | Amount ($) | Direct Labour | 69100 | Direct material used | 137600 | Manufacturing Overhead | 200100 | Total product cost | 406800 |
C. Period Costs Accounts name | Amount ($) | Sales salaries | 12650 | Depn.. On delivery trucks | 3800 | Repairs to office equipment | 1300 | Advertising | 18000 | Office supplies used | 2640 | Total Period Costs | 38390 |
-------------------------------------------------
QUESTION 2
Answer A. Costs of goods manufactured for December 2010 Detail | Amount | Amount | Raw material inventory Dec. 1 | $18,00 | | Raw material
References: http://ria.thomsonreuters.com/EStore/detail.aspx?ID=ZMCMP