At the end of the period the accounting entries for production overhead over obs would be?

Dr oh cntl account Cr income statement

Dr income statement Cr Oh cntrl acc

Which is not a feature of process costing

only cost for the M, L and OH are recorded in the T account

Products in process are identical

Products in process are on the whole indistinguishable from each other

The output from one process is the input to the next

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1At the end of the period the accounting entries for production overhead over obs would be?
1. ADr oh cntl account Cr income statement
2. BDr income statement Cr Oh cntrl acc
3. CDr wip Cr OH cntrl acc
4. DDr OH cntrl acc Cr WIP
2see pic
1. A11,760
2. B34,358
3. C35,820
4. D47,580
3S makes pens on production line. Details of the process in P2 are:
OWIP 400 units
Costs incurred
M $115
Conversion $270
% of completion
M 100%
con 60%
completed output 800 unit
Costs incurred P2
M $212
con $448
No CWIP
The cost per eqiv u for M & Conversion Using FIFo for valuing wip is:
1. AM $0.27 Con 0.47
2. BM $0.53 Con 0.70
3. CM $0.53 Con 0.80
4. DM $0.82 Con 1.28
4Which is not a feature of process costing
1. AProducts in process are identical
2. BProducts in process are on the whole indistinguishable from each other
3. CThe output from one process is the input to the next
4. Donly cost for the M, L and OH are recorded in the T account
5Template for Profit change with MC and AC?
1. Ax
2. Bz
6template - by how much was the total over head under or over absorption for the period?
1. Ax
2. By
7process costing - value of WIp template
1. Ax
2. Bh
8TOTOAL ANNUAL HOLDING COST FORMULA?
1. AY
2. BX
9invent value template using waco method
1. Ay
2. Bx

Description: ACCA Accounting Quiz on Cost Accounting Techniques, created by mulder moby on 26/05/2022.
Author: mulder moby
Language: English
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Tags: accounting acca
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