|
Purchase of raw materials in January 2010 |
25,000 |
|
Conversion costs (inclusive of labour) in January |
20,000 |
|
Units computed in January |
1,200 |
|
Units sold in January |
1,000 |
|
Standard cost per unit of output |
|
Materials |
12 |
|
Conversion cost |
6 |
|
18 |
There are no direct material variances in January. It is also found that there are no opening stocks of raw materials, work-in-progress and finished goods. How would you treat the above under back flush costing. Apply all the versions.