14 - ABC production company calculates production costs according to the phase cost system. The information of the business for the period of June 2021 is as follows: According to the information given above, what is the total cost of the period-end semi-finished products for the period? a) 648,000 TL B) 360.000 TL NS) 96,000 TL D) 1.870.000 TL TO) 192.000 TL
14 - ABC production company calculates production costs according to the phase cost system. The information of the business for the period of June 2021 is as follows: According to the information given above, what is the total cost of the period-end semi-finished products for the period? a) 648,000 TL B) 360.000 TL NS) 96,000 TL D) 1.870.000 TL TO) 192.000 TL
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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ABC production company calculates production costs according to the phase cost system. The information of the business for the period of June 2021 is as follows:According to the information given above, what is the total cost of the period-end semi-finished products for the period?
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Transcribed Image Text:Production started : 25,000 units
Completed and transferred : 17,000 units
8,000 units
D.I.M.M. in terms of 90%
Cnd of period stock of semi-finishea. 60% in terms of labor
products:
Completion Degrees:
G.U.G. in terms of 60%
June Production Expenses
Direct First Material and Material Expenses
Direct Labor Expenses
1.210.000 TL
436.000 TL
General Production Expenses
872.000 TL
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