The double entry for factory cost of production in a cost ledger is

Related MCQs

• In a period Rs. 50,000 was incurred on indirect labour. In a Cost Ledger, the double entry will be:
• In Entry under Integrated System for Credit purchase of material for stock, Stores Ledger Control is ____________.
• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• When factory overhead control account has an ending debit balance, factory overhead was………………
• A company estimates its direct material requirements for the month of November 2014 to be Rs. 2,40,000 and the direct labour to be Rs. 1,500,00. It is the policy of the company to absorb overheads as under : Factory overheads 60% of direct wages Administrative overheads 20% of work cost Selling and distribution overheads 25% of work cost it is estimated that the selling and distribution overheads will increase by 15% in November the budgeted sales for the month of November 2014 is
• The per unit expense of the ……………portion factory overhead varies with the volume of production while………………..portion remains the same with volume.
• The budgeted cost of electricity is Rs. 62,500 for 5,000 units of production per month and Rs. 71,500 for 6,200 units of production per month. If the company manufactures 6,900 units in the month of May 2014, the budgeted amount of electricity for the month is
• Entry under Integrated system for : Issues of Direct Materials for production
• Entry under Integrated system for : Purchases of Direct Materials for production
• Entry under Integrated system for : Transfer of goods completed from production to finished goods