Country : United Arab Emirates
Assignment Task

 

Caselet 1. A company produces three products A, B and C for which the standard costs and  quantities per unit are as follows:
Particulars of Products A B C
Quantity produced 10,000 20,000 30,000
Direct material/ p.u (Rs.) 50 40 30
Direct labour/ p.u. (Rs.) 30 40 50
Labour hours/ p.u. 3 4 5
Machine hours/ p.u. 4 4 7
No. of purchase requisitions 1,200 1,800 2,000
No. of set ups 240 260 300
Production overheads split by departments – Department 1 = Rs.15,60,000
- Department 2 = Rs. 9,90,000
Department 1 is labour intensive and department 2 is machine intensive
Total labour hours in Department 1 = 2,60,000
Total machine hours in department 2 = 3,30,000
Additional Information: Company identified the activities involved in both the departments 
and hence has shared the following information.
Production overhead split by activity – Receiving or inspecting Rs. 13,50,000
Production scheduling/ machine setup Rs. 12,00,000
Rs.25,50,000
No. of batches received /inspected= Rs. 5,000
No. of batches for scheduling or set-up = 800
You are required to:
(i) Prepare product cost statement under traditional absorption costing and Activity based Costing method
(ii) Compare the results under two methods

 


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  • Posted on : July 05th, 2019
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