Opening stock of Raw material is 160000 OMR, Freight Inwards 10000 OMR, Purchases of Raw material 500000 OMR, Purchase returns is 2000 OMR and Closing stock of Raw material is 8000 OMR, Direct Wages is 175,000 OMR direct Expenses is 5000 OMR . Calculate Direct Raw Material Used. a. 670,000 OMR b. 660,000 OMR c. 760,000 OMR d. None of these

Opening stock of Raw material is 160000 OMR, Freight Inwards 10000 OMR, Purchases of Raw material 500000 OMR, Purchase returns is 2000 OMR and Closing stock of Raw material is 8000 OMR, Direct Wages is 175,000 OMR direct Expenses is 5000 OMR . Calculate Direct Raw Material Used. a. 670,000 OMR b. 660,000 OMR c. 760,000 OMR d. None of these

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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14. You are given the following Company Information Company LFrom the point of origin Direct materials 120.000Purchases of direct materials 228000Direct labour costs 610000Direct cost initial cost 780000 The stock cost of direct materials is the amount?
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The following data relates to Alpha Company. Units in beginning inventory Units produced Units sold ($350 per unit) Variable costs per unit: Direct materials Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced Fixed selling and administrative expenses - 26,000 19,000 $40 60 25 $50 150,000 Determine the value of ending inventory under variable costing. a. $700,000 O b. $1,225,000 C. $805,000 O d. $875,000
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decrease in the cost of ordering a batch of raw material? Questions on Accounting for Materials units, The annual holding costs associated with orne unit Caasine Jobbors 1. The purchase price of an the A. 730 B. 894 © 1,461 1,633 A. EOQ: Higher, Annual Holding Cost: Lawer B. EOQ: Higher, Annual Holding Cost: Higher C. EOQ: Lower, Annual Holding Cost: Higher D. EOQ: Lower, Annual Holding Cost: Lower reorder quantity (to the nearest 100 units)? A. 500 units B. 1,000 units C. 1,200 units D. 1,700 units the component? A. 530 B. 671 C. 949 D. 1,342 one unit of the component in inventory? A. EOQ: Lower, Total Annual Ordering Cost: Higher B. EOQ: Higher, Total Annual Ordering Cost: Lower C. EOQ: Lower, Total Annual Ordering Cost: No Effect D. EOQ: Higher, Total Annual Ordering Cost: No Effect E. The demand for a product is 12,500 units for a three-month period. Each unit or as a purchase price of $15 and ordering costs are $20 per order placed. The
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The following data were taken from the records of a company. Period 1 Period 2 Period 3 Production(units) 30,000 38000 27000 Sales 30,000 27000 38000 Opening stock ------ ------ 11000 Closing stock ------ 11,000 ------ Per unit cost are as follows: Direct material $ 1.5 Direct labor 1.0 Production overhead 3.0 Selling price per unit $ 9 Administrative overheads are fixed at $25000 and one third of the…
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Choose the correct answers . D.Materials ( 150 000 )$. D.Wages ( 250 000 )$. D.Expencess ( 150 000 )$. Ind.Expencess ( 125000 )$. Marketing cost ( v. ) ( 75000 )$. Ind.Marketing ( f. ) ( 85000 )$.?. Production cost ( using total cost ) . * ( 675000)$ (- 670000)$. ( another option ). ( 835000 )$
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