7)

In a year, an engineering firm manufactured table fans at an average
640
per
week
Determine the

Question

7)

In a year, an engineering firm manufactured table fans at an average
640
per
week
Determine the total number of table fans produced by the firm during the whole year.​

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Delilah 11 months 2021-07-03T10:06:20+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-07-03T10:07:28+00:00

    Answer:

    PAPER – 3: COST AND MANAGEMENT ACCOUNTING

    Question No. 1 is compulsory.

    Attempt any four questions out of the remaining five questions.

    In case, any candidate answers extra question(s)/ sub-question(s) over and above the required

    number, then only the requisite number of questions first answered in the answer book shall be

    valued and subsequent extra question(s) answered shall be ignored.

    Working notes should form part of the answer

    Question 1

    Answer the following:

    (a) Surekha Limited produces 4,000 Litres of paints on a quarterly basis. Each Litre requires 2 kg of

    raw material. The cost of placing one order for raw material is ` 40 and the purchasing price of

    raw material is ` 50 per kg. The storage cost and interest cost is 2% and 6% per annum

    respectively. The lead time for procurement of raw material is 15 days.

    Calculate Economic Order Quantity and Total Annual Inventory Cost in respect of the above

    raw material.

    (b) The following data is presented by the supervisor of a factory for a Job:

    ` per unit

    Direct Material 120

    Direct Wages @ ` 4 per hour

    (Departments A-4 hrs, B-7 hrs, C-2 hrs & D-2 hrs) 60

    Chargeable Expenses 20

    Total 200

    Analysis of the Profit and Loss Account for the year ended

    31st March, 2019

    Material 2,00,000 Sales 4,30,000

    Direct Wages

    Dept. A 12,000

    Dept. B 8,000

    Dept. C 10,000

    Dept. D 20,000 50,000

    Special Store items 6,000

    © The Institute of Chartered Accountants of India

    0
    2021-07-03T10:07:48+00:00

    Answer:

    An average of 33280 fans can be produced by the firm during the whole year

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