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Category > Management Posted 16 Oct 2017 My Price 10.00

Pongty ltd produces three products, Exe, and zed in a single process

Pongty ltd produces three products, Exe, and zed in a single process. For the months of September 2006 the following budgeted figures were available:

Raw materials      240,000 kilograms at $30 per kilogram.

Labor                   9,000 hours at $.90 per hour

Variable overheads 9,000hours at $.45 per hour.

Additional information

  • Fixed overheads were absorbed at 50% of labor cost.
  • There was a normal loss of 10% of material input and normal loss. The normal loss was sold as scrap at $.15 per kilogram which was credited to the process account.
  • Exe, wye and Zed were produced in the ratio of 5: 2: 2 respectively.
  • There was neither opening nor closing work in progress.
  • The products were sold as follows:

Answers

QuickHelper
(10)
Status NEW Posted 16 Oct 2017 03:10 PM My Price 10.00

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