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There is a small factory which does not keep cost accounts from the following information ascertain costs of two product A and B (a) extracts from the financial accounts for the year 2007 are : material :- balance has on 11/2007-15000 purchases during the year -210000 balance on 31-12-2007-7500 wages incurred 67000?
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There is a small factory which does not keep cost accounts from the fo...

Cost Analysis for Products A and B

Material Cost:
- Beginning balance of material for the year = 15,000
- Purchases during the year = 210,000
- Ending balance of material for the year = 7,500
- Material used in production = (Beginning balance + Purchases - Ending balance)
- Material cost per unit = (Material used in production / Total units produced)

Wages Cost:
- Wages incurred during the year = 67,000
- Wages cost per unit = (Total wages incurred / Total units produced)

Calculation for Product A and B

Product A:
- Calculate the total units of Product A produced during the year
- Calculate the material cost per unit for Product A
- Calculate the wages cost per unit for Product A
- Add the material cost per unit and wages cost per unit to get the total cost per unit for Product A

Product B:
- Calculate the total units of Product B produced during the year
- Calculate the material cost per unit for Product B
- Calculate the wages cost per unit for Product B
- Add the material cost per unit and wages cost per unit to get the total cost per unit for Product B

Conclusion

Once you have calculated the total cost per unit for both Product A and Product B, you will be able to ascertain the costs for each product based on the information provided in the financial accounts for the year 2007. This analysis will help you understand the cost structure of the small factory and make informed decisions regarding pricing and profitability.
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There is a small factory which does not keep cost accounts from the following information ascertain costs of two product A and B (a) extracts from the financial accounts for the year 2007 are : material :- balance has on 11/2007-15000 purchases during the year -210000 balance on 31-12-2007-7500 wages incurred 67000?
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There is a small factory which does not keep cost accounts from the following information ascertain costs of two product A and B (a) extracts from the financial accounts for the year 2007 are : material :- balance has on 11/2007-15000 purchases during the year -210000 balance on 31-12-2007-7500 wages incurred 67000? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about There is a small factory which does not keep cost accounts from the following information ascertain costs of two product A and B (a) extracts from the financial accounts for the year 2007 are : material :- balance has on 11/2007-15000 purchases during the year -210000 balance on 31-12-2007-7500 wages incurred 67000? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for There is a small factory which does not keep cost accounts from the following information ascertain costs of two product A and B (a) extracts from the financial accounts for the year 2007 are : material :- balance has on 11/2007-15000 purchases during the year -210000 balance on 31-12-2007-7500 wages incurred 67000?.
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