Practical assignment on cost accounting

1. A factory buys and uses a component for production at Rs 10 per unit. Annual requirement is 2000 units. Carrying cost of inventory is 10% pa and ordering cost is Rs 40 per order.
The manager argues that the ordering cost is very high so it is advantageous to place a single order for the entire annual requirement. A discount of 3% is also available if 2000 units are ordered at a time. Calculate EOQ and evaluate the proposal and make recommendations

2.The CA of AB ltd has given the following information  as estimates:
Total fixed WOH- 250K
Total variable OH- 150 K
Direct Labour hours- 50K
Actual results were as follows:
Direct Labour hours- 45 K
Total fixed WOH- 250K
Total variable OH- 130 K

Calculate
1. predetermined overhead absoprtion rates (fixed and variable)
2. Overheads absorbed (fixed and variable)
3. over and under absroption of overheads (fixed and variable)
4. Supplemetary overhead absoprtion rates (fixed and variable)

3.The following information is given for April 2019:
No of workers at the beginning of the month 1400
No of workers at the end of the month 1600
No of workers who quit during the month 50
No of workers discharged during the month 100
No of workers employed during the month
(includes 160 employed for new branch)  250
Calculate labour turnover rate using separation replacement and flux methods, also calculate Annual equivalent ratios

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