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Please help.
Womble Ltd manufactures a single product called a Tomsk. Each tomsk requires the following:
Raw Material (2kg @ £15 per kg)
Direct Labour (2hrs @ £10 per hour)
Variable overhead (£2 per direct labour hour)At the beginning of February, Womble had 200kg of raw material and 50 completed units of Tomsk with no work in progress. During February Womble purchased a further 1,800 kg of material and sold 800 tomsks.
Womble had 100kg of material left at the end of February and no work in progress.
Using marginal costing, the value of Womble’s total closing inventory was (Do not insert the £ sign
I am sorry but this forum is not for simply setting test questions and expecting a full answer.
You must have an answer in whichever book you found the question (if not then you should be using a different book).
This forum is for asking about problems you have understanding anything in our free lectures or understanding specific parts of answers to questions.
Our lectures are a complete course for Paper F5 and cover everything you need to be able to pass the exam well.
(This question is not the sort of question that is asked in Paper F5 anyway – it is really a Paper F2 question!)
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