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Factory Cost Calculations Quiz

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Cost accounting practice

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Factory Cost Calculations Quiz
 

Factory Cost Calculations QuizOnline version

Cost accounting practice

by Sabih
1

Material Consumed: Opening Raw Materials are 12,000. Purchases are 85,000. Closing Raw Materials are 7,000. Find the cost of Raw Materials Consumed.

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2

Prime Cost: Direct Materials Consumed are 60,000, Direct Labor is 45,000, and Direct Expenses are 5,000. What is the Prime Cost?

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3

Indirect Labor: Total Factory Wages are 50,000. If 80% is Direct Labor, what is the amount of Indirect Labor to be included in Overheads?

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4

Factory Overheads: Factory Rent is 15,000, Factory Power is 8,000, and Supervisor Salary is 12,000. Calculate Total Factory Overheads.

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5

Conversion Cost: Direct Labor is 40,000 and Total Factory Overheads are 25,000. Calculate the total Conversion Cost.

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6

Total Factory Cost: Prime Cost is 150,000 and Factory Overheads are 45,000. What is the Total Factory Cost?

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7

Material Purchases: Material Consumed is 50,000. Opening Stock was 10,000 and Closing Stock is 12,000. What was the value of Purchases?

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8

Direct Expenses: Prime Cost is 80,000. Direct Materials are 40,000 and Direct Labor is 35,000. Find the value of Direct Expenses.

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9

Depreciation Allocation: Total Depreciation is 20,000. 70% relates to Factory Machinery and 30% to Office Equipment. What amount enters the Manufacturing Account?

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10

Net Factory Cost: Total Factory Cost is 200,000. If Sale of Scrap (waste) from the process realized 3,000, what is the Net Factory Cost?

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