Cost Card – NBC Institute

MI – Nov 2022 – L1 – SB – Q3 – Costing Methods

Preparation of a standard cost card for Beta's product based on given rates

Question

The details below relate to a product (BETA) and are to be used in the revision of its standard cost:

Item	Standard Price/Rate
Material
30kg of B35	₦200/kg
50 units of K010	₦50/unit
20 units of K035	₦100/unit
Direct Labour
Machine Operations: 50 hours	₦120/hour
30 hours	₦105/hour
27 hours	₦80/hour
Packaging: 12 hours	₦96/hour

Production Overhead:

Labour hour rate: ₦9/hour
Machine hour rate: ₦7/hour

Departments X, Y, and Z are for operations while department P is for packaging. The batch quantity is 200, and the revision date is April 30, 2020.

Required:
Prepare a STANDARD COST CARD for the product (Beta).

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Card, Direct Labour, Materials, Overheads, Standard Costing
Level: Level 1

Topic: Costing Methods
Series: NOV 2022

MA – May 2018 – L2 – Q5b – Standard costing and variance analysis

Prepare the standard cost card per unit of product Jupiter.

Question

Prepare the standard cost card per unit of product Jupiter.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Card, Cost Control, Standard Costing
Level: Level 2

Topic: Standard Costing and Variance Analysis
Series: MAY 2018

MI – Nov 2022 – L1 – SB – Q3 – Costing Methods

Preparation of a standard cost card for Beta's product based on given rates

Question

The details below relate to a product (BETA) and are to be used in the revision of its standard cost:

Item	Standard Price/Rate
Material
30kg of B35	₦200/kg
50 units of K010	₦50/unit
20 units of K035	₦100/unit
Direct Labour
Machine Operations: 50 hours	₦120/hour
30 hours	₦105/hour
27 hours	₦80/hour
Packaging: 12 hours	₦96/hour

Production Overhead:

Labour hour rate: ₦9/hour
Machine hour rate: ₦7/hour

Departments X, Y, and Z are for operations while department P is for packaging. The batch quantity is 200, and the revision date is April 30, 2020.

Required:
Prepare a STANDARD COST CARD for the product (Beta).

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Card, Direct Labour, Materials, Overheads, Standard Costing
Level: Level 1

Topic: Costing Methods
Series: NOV 2022

MA – May 2018 – L2 – Q5b – Standard costing and variance analysis

Prepare the standard cost card per unit of product Jupiter.

Question

Prepare the standard cost card per unit of product Jupiter.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Card, Cost Control, Standard Costing
Level: Level 2

Topic: Standard Costing and Variance Analysis
Series: MAY 2018

Question Tag: Cost Card

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

MI – Nov 2022 – L1 – SB – Q3 – Costing Methods

Preparation of a standard cost card for Beta's product based on given rates

MA – May 2018 – L2 – Q5b – Standard costing and variance analysis

Prepare the standard cost card per unit of product Jupiter.

MI – Nov 2022 – L1 – SB – Q3 – Costing Methods

Preparation of a standard cost card for Beta's product based on given rates

MA – May 2018 – L2 – Q5b – Standard costing and variance analysis

Prepare the standard cost card per unit of product Jupiter.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Cost Card

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

MI – Nov 2022 – L1 – SB – Q3 – Costing Methods

Preparation of a standard cost card for Beta's product based on given rates

You're reporting an error for "MI – Nov 2022 – L1 – SB – Q3 – Costing Methods"

MA – May 2018 – L2 – Q5b – Standard costing and variance analysis

Prepare the standard cost card per unit of product Jupiter.

You're reporting an error for "MA – May 2018 – L2 – Q5b – Standard costing and variance analysis"

MI – Nov 2022 – L1 – SB – Q3 – Costing Methods

Preparation of a standard cost card for Beta's product based on given rates

You're reporting an error for "MI – Nov 2022 – L1 – SB – Q3 – Costing Methods"

MA – May 2018 – L2 – Q5b – Standard costing and variance analysis

Prepare the standard cost card per unit of product Jupiter.

You're reporting an error for "MA – May 2018 – L2 – Q5b – Standard costing and variance analysis"

Our offerings

Contact Info

Customer

Get In Touch

admin