Landa company uses a step down allocation costing method to determine the cost of its products. The company uses the costing method of the first issued from the first import. Product inspection is performed on 60% of completed products and normal waste is 5% of inspected healthy units. Direct materials are put into operation immediately after product inspection: The following information is related to October: Goods completed during the first manufacture of 10,000 units ٪ 25. Units started to produce 75,000 units. Supplementary and transfer units to the warehouse 60,000 units. Units under construction at the end of the period 20,000 units ٪ 75 completed. Labor costs during the construction of the first course. ----------------------------------------- The total cost of labor during the first construction period is 4664,000 Rials. Expenses incurred during the course: Direct materials 80,000,000 Rials. Direct salary 80,000,000 Rials. Factory overhead 400,000,000 Rials. It is desirable to prepare a production cost report.
Landa company uses a step down allocation costing method to determine the cost of its products.
The company uses the costing method of the first issued from the first import. Product inspection is performed on 60% of completed products and normal waste is 5% of inspected healthy units. Direct materials are put into operation immediately after product inspection:
The following information is related to October:
Goods completed during the first manufacture of 10,000 units ٪ 25.
Units started to produce 75,000 units.
Supplementary and transfer units to the warehouse 60,000 units.
Units under construction at the end of the period 20,000 units ٪ 75 completed.
Labor costs during the construction of the first course.
-----------------------------------------
The total cost of labor during the first construction period is 4664,000 Rials.
Expenses incurred during the course:
Direct materials 80,000,000 Rials.
Direct salary 80,000,000 Rials.
Factory
It is desirable to prepare a production cost report.
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