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Considering the following information, answer the question given below:




During the year manufacturing overhead expenses amounted to Rs. 61,100, manufacturing wages to Rs. 40,400 and purchase of raw materials to Rs. 91,900.  There were no other direct expenses.

The manufacturing cost of finished goods produced were:

  • a)
    Rs. 1,31,600

  • b)
    Rs. 1,93,300

  • c)
    Rs. 1,91,900

  • d)
    Rs. 1,92,500.

Correct answer is option 'D'. Can you explain this answer?
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Considering the following information, answer the question given below...
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Considering the following information, answer the question given below...
Given Data:
  • Stock of Raw Materials (1st January): Rs. 17,400
  • Stock of Raw Materials (31st December): Rs. 18,100
  • Stock of Work-in-progress (1st January): Rs. 11,200
  • Stock of Work-in-progress (31st December): Rs. 11,400
  • Stock of Finished Goods (1st January): Rs. 41,500
  • Stock of Finished Goods (31st December): Rs. 40,700
  • Manufacturing Overhead Expenses: Rs. 61,100
  • Manufacturing Wages: Rs. 40,400
  • Purchase of Raw Materials: Rs. 91,900
Calculations:
  • Calculate Total Raw Material Consumed: Total Raw Material Consumed = Opening Stock of Raw Materials + Purchases − Closing Stock of Raw Materials
    Total Raw Material Consumed = 17,400 + 91,900 − 18,100 = Rs.91,200
  • Calculate Total Work-in-Progress: Total Work-in-Progress = Opening Work-in-Progress − Closing Work-in-Progress
    Total Work-in-Progress = 11,200 − 11,400 = −Rs.200
  • Calculate Total Cost of Manufacturing: Total Manufacturing Cost = Total Raw Material Consumed + Manufacturing Wages + Manufacturing Overhead Expenses + Total Work-in-Progress
    Total Manufacturing Cost = 91,200 + 40,400 + 61,100 − 200 = Rs.1,92,500
The manufacturing cost of finished goods produced is Rs. 1,92,500, which corresponds to Option D: Rs. 1,92,500.
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Considering the following information, answer the question given below:During the year manufacturing overhead expenses amounted to Rs. 61,100, manufacturing wages to Rs. 40,400 and purchase of raw materials to Rs. 91,900. There were no other direct expenses.The manufacturing cost of finished goods produced were:a)Rs. 1,31,600b)Rs. 1,93,300c)Rs. 1,91,900d)Rs. 1,92,500.Correct answer is option 'D'. Can you explain this answer?
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Considering the following information, answer the question given below:During the year manufacturing overhead expenses amounted to Rs. 61,100, manufacturing wages to Rs. 40,400 and purchase of raw materials to Rs. 91,900. There were no other direct expenses.The manufacturing cost of finished goods produced were:a)Rs. 1,31,600b)Rs. 1,93,300c)Rs. 1,91,900d)Rs. 1,92,500.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Considering the following information, answer the question given below:During the year manufacturing overhead expenses amounted to Rs. 61,100, manufacturing wages to Rs. 40,400 and purchase of raw materials to Rs. 91,900. There were no other direct expenses.The manufacturing cost of finished goods produced were:a)Rs. 1,31,600b)Rs. 1,93,300c)Rs. 1,91,900d)Rs. 1,92,500.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Considering the following information, answer the question given below:During the year manufacturing overhead expenses amounted to Rs. 61,100, manufacturing wages to Rs. 40,400 and purchase of raw materials to Rs. 91,900. There were no other direct expenses.The manufacturing cost of finished goods produced were:a)Rs. 1,31,600b)Rs. 1,93,300c)Rs. 1,91,900d)Rs. 1,92,500.Correct answer is option 'D'. Can you explain this answer?.
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