Answers
1.)
Sr. No. | COST BY BEHAVIOR | COST BY TRACEABILITY |
1 | Fixed | Indirect |
2 | Variable | Direct |
3 | Fixed | Indirect |
4 | Variable | Direct |
5 | Fixed | Direct |
6 | Fixed | Indirect |
7 | Fixed | Direct |
2.)
Schedule of Cost of goods manufactured
Direct Materials (a) | 2,700 |
Direct Labour (b) | 1,100 |
Factory Overhead (c) | 530 |
Total manufacturing costs [a+b+c] (d) | 4,330 |
Ending work in process (e) | 600 |
Cost of goods manufactured [d-e] | 3,730 |
3.)
Cost of Goods Sold
Cost of Goods manufactured (a) | 3,730 |
Ending finished goods inventory (b) | 360 |
Cost of goods sold [a-b] | 3,370 |
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