Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. an order costing system is applied to kavak frozen

An order costing system is applied to Kavak Frozen Food Company. Here is the information...

80.2K

Verified Solution

Question

Accounting

An order costing system is applied to Kavak Frozen Food Company. Here is the information for March: way. As of March 1, the stock of semi-finished products is 43,750 TL. The cost of the purchased raw material is 52,500 TL, The total cost of raw materials and indirect materials given to production is 38,500 TL. 10,500 TL of this amount belongs to the auxiliary material. The total labor amount for the month is 126.000 TL, of which 42.000 TL is indirect. labor costs. The actual amount of other general production costs was realized as 147.000 TL. According to the practice in the enterprise, the general production costs are lumped into production as 185% of the direct labor cost. is loading. The cost of finished products in March was 182,000 TL. Cost per month Products worth 266,000 TL were sold with a 30% profit margin. REQUESTED: Calculate the amount of semi-finished product inventory at the end of the period as of March 31.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students