question archive 1)Apply Design Failure Mode and Effect Analysis to evaluate the potential corrosion failure for the front door of a car
1)Apply Design Failure Mode and Effect Analysis to evaluate the potential corrosion failure for the front door of a car
Subject:AccountingPrice:2.84 Bought3
1)Apply Design Failure Mode and Effect Analysis to evaluate the potential corrosion failure for the front door of a car.
2)Inventory records and costs for manufacturing of brake pads are shown below: Inventory record: Work in the process as at 1 Jan 2017: $6,200,000 Raw materials as at 1 Jan 2017: $5,400,000 Raw materials purchase: $9,300,000 Raw materials as at 31 Dec 2017: $6,500,000
Costs: Direct Labour: $ 10,000,000 Total manufacturing overhead: $4,200,000 Work in process as at 31 Dec 2017: $8,700,000.
Determine: (i) raw material cost; and (ii) total manufacturing cost.
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Working Note:
| Raw Material a/c | |||
| Particulars | Amount($) | Particulars | Amount($) |
| To Bal b/d | 54,00,000 | By Work in Progress A/c | 82,00,000 |
| To Bank A/c | 93,00,000 | By Bal C/D | 65,00,000 |
| 1,47,00,000 | 1,47,00,000 | ||
| Work in Progress a/c | |||
| Particulars | Amount($) | Particulars | Amount($) |
| To Bal b/d | 62,00,000 | By Finished Goods a/c(Bal. Fig) | 1,99,00,000 |
| To Direct Labour a/c | 1,00,00,000 | ||
| To Manufacturing Overheads a/c | 42,00,000 | ||
| To Raw Material a/c | 82,00,000 | By Bal C/D | 87,00,000 |
| 2,86,00,000 | 2,86,00,000 |
Solution Part-1:
Raw Material Cost= $ 82,00,000
Solution Part-2:
Total Manufacturing Cost=
| To Direct Labour | 1,00,00,000 |
| To Manufacturing Overheads | 42,00,000 |
| To Raw Material | 82,00,000 |
| TOTAL | $2,24,00,000 |
