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MGT402 - Cost & Management Accounting _ GDB 1

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GMT + 8 Hours MGT402 - Cost & Management Accounting _ GDB 1

Post by Abir Wed Apr 13, 2011 8:23 pm

GDB 1 Dated: Apr 08, 11
Semester “Spring 2011”
“Cost and Management Accounting (MGT402)”
This is to inform that Graded Discussion Board (GDB)

will be opened according to the following schedule

Schedule
Opening Date and Time
April 11 , 2011 At 12:01 A.M. (Mid-Night)
Closing Date and Time
April 14 , 2011 At 11:59 P.M. (Mid-Night)
Topic/Area for Discussion

“ Cost Classification and Cost Behavior”

Note: The discussion question will be from the area/topic mentioned above. So start learning about the topic now.


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GMT + 8 Hours Re: MGT402 - Cost & Management Accounting _ GDB 1

Post by Abir Wed Apr 13, 2011 8:24 pm

Question:
Mr. Hassan deals in chair manufacturing. He got an order to manufacture 3000 chairs of a specific design for a school lab. It requires a cutter costing Rs.50, 000 to design the chair that is useless after completing this order. Wood used for this order is of Rs.200, 000, nails costing Rs.60, 000, furniture polish costing Rs.90, 000 and miscellaneous factory overhead charges Rs.25,000. Labor charges are Rs.50 per chair. He has appointed a supervisor at Rs.10,000 per month only for the completion of this order. (Time required to complete the order is 2 months).

Calculate the following for the whole order:
Prime cost
Total factory cost
Note:
Read the instructions mentioned in announcement carefully before attempting it.
Use the following format to answer:
Prime cost: _____________________
Total factory cost: ________________


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GMT + 8 Hours Re: MGT402 - Cost & Management Accounting _ GDB 1

Post by Asad Thu Apr 14, 2011 6:42 am

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GMT + 8 Hours Re: MGT402 - Cost & Management Accounting _ GDB 1

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