Materials – NBC Institute

SCS – Nov 2023 – L3 – Q4c – Controlling Risk

Identifying and explaining four production resource planning needs to manage production capacity challenges.

Question

It is evident that NSL has capacity challenges, and this has impacted the decision to expand to other markets. To succeed, NSL must plan to obtain the resources that it will need each year to meet the required capacity levels.

Required:
Identify and explain FOUR (4) production resource planning needs that NSL should focus on to effectively manage its production capacity challenges.
(6 marks)

Answer

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Tags: Labor, Materials, Production Capacity, Resource Planning, Technology
Level: Level 3

Topic: Controlling Risk
Series: NOV 2023

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

SCS – Nov 2023 – L3 – Q4c – Controlling Risk

Identifying and explaining four production resource planning needs to manage production capacity challenges.

Question

Required:
Identify and explain FOUR (4) production resource planning needs that NSL should focus on to effectively manage its production capacity challenges.
(6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Labor, Materials, Production Capacity, Resource Planning, Technology
Level: Level 3

Topic: Controlling Risk
Series: NOV 2023

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

Question Tag: Materials

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SCS – Nov 2023 – L3 – Q4c – Controlling Risk

Identifying and explaining four production resource planning needs to manage production capacity challenges.

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

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

SCS – Nov 2023 – L3 – Q4c – Controlling Risk

Identifying and explaining four production resource planning needs to manage production capacity challenges.

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

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

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SCS – Nov 2023 – L3 – Q4c – Controlling Risk

Identifying and explaining four production resource planning needs to manage production capacity challenges.

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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"

SCS – Nov 2023 – L3 – Q4c – Controlling Risk

Identifying and explaining four production resource planning needs to manage production capacity challenges.

You're reporting an error for "SCS – Nov 2023 – L3 – Q4c – Controlling Risk"

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"

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Customer

Get In Touch

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