Cama-RaghulS-P191B040.xlsx - CAMA ASSIGNMENT Problem 1 Job-1 A Material B Labour C Prime Cost D Overhead Activities Materials handling Lathe work

Cama-RaghulS-P191B040.xlsx - CAMA ASSIGNMENT Problem 1...

This preview shows page 1 - 4 out of 4 pages.

CAMA ASSIGNMENT Problem 1 Job-1 Job-2 A. Material 10200 58700 B. Labour 750 11250 C. Prime Cost 10950 69950 D. Overhead 2875 43125 13825 113075 126900 Activities Cost Driver Cost-Allocation Rate Materials handling Parts 0.4 Lathe work Turns 0.2 Milling Machine-hours 20 Grinding Parts 0.8 Testing Units tested 15 Job AB41 Job AB81 Direct materials cost per job (Rs.) 10,200 58,700 Direct manufacturing labor cost per job (Rs.) 750 11,250 Direct manufacturing labor-hours per job (hr.) 25 375 Parts per job 500 2,000 Turns per job 20,000 60,000 Machine hours per job 150 1,050 Units per job 10 190 Traditional Costing Job1 Job2 Direct Material 10,200 58,700 Direct Labour 750 11,250 Prime Cost (material cost+labour cost) 10,950 69,950 Overhead 2875 43125 46000 Total cost 13,825 113,075
Image of page 1
Image of page 2
Image of page 3
Image of page 4

You've reached the end of your free preview.

Want to read all 4 pages?

Unformatted text preview: Total cost of combined jobs (Job1+Job2) 126,900 Per unit cost of manufacturing 1382.5 595.13 Activity based job costing Job1 Job2 Direct Material 10,200 58,700 Direct Labour 750 11,250 Materials handling 200 800 Grinding 400 1600 Lathe work 4000 12000 Milling 3000 21000 Testing 150 2850 7750 38250 46000 Total cost of both jobs 18,700 108,200 Problem 2 Revenue Budget Unit Price Fair 51000 210 10710000 Lovely 39000 220 8580000 Production Sales Target (+) Closing Stock (=) Fair 51000 23000 74000 Lovely 39000 8000 47000 Total Sales Revenue Material (-) Overhead rate 115 126,900 Production 18000 56000 7000 40000 Opening Stock (=)...
View Full Document

  • Fall '17

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors