During the reporting year the company's commodity output amounted cost - 12 million rubles, including wages and salaries with deductions fo rubles, material resources - 6.0 million rubles. The fixed costs in the cost 50%. Due to the realization of the organizational and technical measures plar marketable output by 15%, to raise the productivity by 10% and to incre 3%. Consumption rates of material resources will be reduced by an aver

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
asap!!
During the reporting year the company's commodity output amounted to 15 million rubles, its prime
cost - 12 million rubles, including wages and salaries with deductions for social needs - 4.8 million
rubles, material resources - 6.0 million rubles. The fixed costs in the cost of production amounted to
50%.
Due to the realization of the organizational and technical measures plan it is planned to increase the
marketable output by 15%, to raise the productivity by 10% and to increase the average salary by
8%. Consumption rates of material resources will be reduced by an average of 5%, and prices will
increase by 6%.
Determine the planned cost of marketable products and the planned costs per 1 rub of marketable
products.
Transcribed Image Text:During the reporting year the company's commodity output amounted to 15 million rubles, its prime cost - 12 million rubles, including wages and salaries with deductions for social needs - 4.8 million rubles, material resources - 6.0 million rubles. The fixed costs in the cost of production amounted to 50%. Due to the realization of the organizational and technical measures plan it is planned to increase the marketable output by 15%, to raise the productivity by 10% and to increase the average salary by 8%. Consumption rates of material resources will be reduced by an average of 5%, and prices will increase by 6%. Determine the planned cost of marketable products and the planned costs per 1 rub of marketable products.
Expert Solution
steps

Step by step

Solved in 7 steps

Blurred answer
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education