Commerce & Accountancy › Cost & Management Accounting

Consider an industry with the following features : • Budgeted monthly fixed cost = ₹ 2,20,000 • Normal monthly output = 12000 per standard labour hour • Standard variable overhead rate = ₹ 25 per labour hour What would be the total factory overhead rate ?

Data regarding inventory of a particular item of usage in the production activities of an organization are : the quantity in stock is 1500 units and the value of this stock is ₹ 1,27,500. (This works out to an average unit cost of ₹ 85.) During the ensuing year X, an additional 300 units are purchased at a unit cost of ₹ 95. Consumption in production processes during the year X has been 600 units. Working by the First-In-First-Out basis, the value of the residual inventory of the item at the end of the year X will be

Consider the following information : Date | Particulars | Units | Rate per unit (in Rs.) — Jan. 1 Inventory in hand 200, 7; Jan. 8 Purchases 1100, 8; Jan. 25 Purchases 300, 9; Jan. 6 Issued for sale 100; Jan. 9 Issued for sale 200. Which one of the following is the value of inventory on January 31 under perpetual inventory system using Last-In-First-Out (LIFO) method?