factory material transfer carriage 1-300 t direct factory

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1.Choose the correct answer from the given four alternatives: [10 ×1 = 10] (i) Cost Unit of Hospital Industry is (a) Tonne (b) Student per year (c) Kilowatt Hour (d) Patient Day (ii) Which of the following is considered as normal loss of material?

Direct materials 1.9.2003 20,000 Direct materials purchased 2,50,000 Direct materials available for use 2 30,775 WIP inventory 31.10.2003 Rs.

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Manufacturing Perfectunt addresses the raw material and work in progress and does not deal with the finished goods. We debit all the direct production expenses such as depreciation on plant and machinery and factory building, repairs on plant and machinery and factory building, salary to the factory manager, wages , cartage on raw-materials, etc.

Direct labor for Job 1: $300 Indirect labor Perfect Steerable Transfer Carturred: $50 Factory utilities Perfect Steerable Transfer Carturred on Perfectunt: $700 Adjusting entry for factory depreciation: $250 Manufacturing overhead applied as percent of direct labor: 200% Job 1 is transferred to finished goods Job 1 is sold: $

PAPER – 1 : PerfectUNTING 3 (iii) Theft of cash of ` 5 lakhs by the cashier on 31st March, 2018 but was detected on 16th July, 2018. (iv) Company sent a proposal to sell an immovable property for ` 40 lakhs in March, 2018. The book value of the property was ` 30 lakhs on 31st March, 2018. March, 2018.

transfer pricing methods, this does not mean that its pricing should autoally be regarded as not being at arm’s length and there may be no reason to impose adjustments. 6election of Methods (How, Why and Use of Methods) .1 .2 . S 6 .1 .2 .1 .

25/9/2018 · T/T payment stands for ‘Telegraphic Transfer.’ In other words, an international wire of funds from the buyer’s bank to the seller’s bank. When a Chinese supplier asks for a T/T payment, what they really mean is they want a wire transfer.

Measuring and recording direct materials cost. After accepting a job or order, the first step in a job order costing system is to determine the direct materials requirement to complete the job. The type and quantity of direct materials required to manufacture a product can be determined either by using a bill of materials or by production staff.

(iii) Direct material and direct wages costs were Rs.5,00,000 and Rs.2,50,000 respectively. (iv) Actual factory expenses were Rs.1,50,000 of which 60% are fixed. (v) Actual administrative expenses were `Rs.45,000 which are completely fixed. (vi) Actual

The company allocates factory overhead to its goods in process and finished goods inventories based on direct labor cost. During the period, the company Perfect Steerable Transfer Carturred these costs: direct materials, $535,000; direct labor, $290,000; and factory overhead applied, $362,500. 1. Determine the predetermined overhead rate.

Direct labour / Direct wages / Factory wages 3. Other direct expenses Prime cost (total of 1, 2 and 3) 4. Factory overhead expenses Manufacturing or factory cost (total of 1, 2, 3 and 4) The word 'direct' indicates the relationship of the cost element to the actual goods being produced.