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Production Report Quiz

Fixed cost per unit decreases when

Find the value of purchases if Raw material consumed Rs. 90,000; Opening and closing stock of raw material is Rs. 50,000 and 30,000 respectively.

_________ method assumes that the goods received most recently in the stores or produced recently are the first ones to be delivered to the requisitionin department.

There are ___________ parts of cost of production report.

________ part of cost of production report explains the cost incurred during the process.

Prime cost + Factory overhead cost is

If Cost of goods sold = Rs. 40,000 GP Margin = 20% of sales Calculate the Gross profit margin.

Cost of production report is a ____________

Which one of the organization follows the cost of production report __________?

Opening work in process inventory can be calculated under

Tagged as: production report, production report, cost
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