COGM & INCOME STATEMENT PT AMBARWATI plans to compile a Cost Of Goods Manufactured and Income Statement in September 2020. The following is the cost data needed in preparing the report:a. Purchase of raw materials of 2,000 units at a price of Rp. 18,000 / unit. Transportation costs are 1.5% of the purchaseb. Employee working hours are 4,800 direct work hours at a rate of IDR 5,000 / direct work hourc. Transactions that occurred in September:Indirect material usedRp 7.000.000Electricity ( 70% used for factories)Rp 2.000.000 Factory Maintenance Rp 1.000.000Depreciation (40 used for office)Rp 4.000.000Property tax ( 80% used for factories)Rp 6.000.000Utilities ( 65% used for factories)Rp 8.000.000Office SalariesRp 12.000.000Gross profitRp 93.500.000 d. Sales of Rp. 181,000,000 with sales returns and discounts of 0.5% of gross salese. Selling expenses were 2.5% of net sales, administrative and general expenses were 2% of gross salesf. Estimated inventory balance: BeginningEndingFinished GoodsRp 1.650.000?Work in ProcessRp 3.000.000Rp 1.500.000MaterialsRp 2.000.000Rp 2.500.000 REQUESTED:Briefly describe what is called Prime Cost & Conversion Cost!Mention Direct Material, Indirect Material, Direct Labor, and Indirect Labor in this garment (jeans) company!Make a COGM Statement and Income Statement for September 2020! FileToolsViewDocument4 - Word (Product Activation Failed)Akbi_Selasa_10.30 *W Document4Document3 *Document2 *Document1 *2. COGM & INCOME STATEMENT PT AMBARWATI plans to compile a CostOf Goods Manufactured and Income Statement in September 2020. The followingis the cost data needed in preparing the report:2. Mention Direct Material, Indirect Material, Direct Labor, and Indirect Labor inthis garment (jeans) company!3. Make a COGM Statement and Income Statement for September 2020!Purchase of raw materials of 2,000 units at a price of Rp. 18,000 / unit. Transpor-tation costs are 1.5% of the purchaseb. Employee working hours are 4,800 direct work hours at a rate of IDR 5,000 /a.End of documentdirect work hourc. Transactions that occurred in September:Rp 7.000.000Rp 2.000.000Rp 1.000.000Rp 4.000.000Indirect material usedElectricity ( 70% used for factories)Factory MaintenanceDepreciation (40 used for office)Property tax ( 80% used for factories)Rр 6.000.000Rp 8.000.000Rp 12.000.000Rp 93.500.000Utilities ( 65% used for factories)Office SalariesGross profitd. Sales of Rp. 181,000,000 with sales returns and discounts of 0.5% of gross salese. Selling expenses were 2.5% of net sales, administrative and general expenseswere 2% of gross salesf. Estimated inventory balance:EndingBeginningRp 1.650.000Rp 3.000.000Rp 2.000.000Finished GoodsRp 1.500.000Rp 2.500.000Work in ProcessMaterialsREQUESTED:1. Briefly describe what is called Prime Cost & Conversion Cost!Screens 1-2 of 2--+100%

Work-in process: This is the cost of units which were semi-finished in a particular period. Further…

COGM & INCOME STATEMENT PT AMBARWATI plans to compile a Cost Of Goods Manufactured and Income Statement in September 2020. The following is the cost data needed in preparing the report: a. Purchase of raw materials of 2,000 units at a price of Rp. 18,000 / unit. Transportation costs are 1.5% of the purchase b. Employee working hours are 4,800 direct work hours at a rate of IDR 5,000 / direct work hour c. Transactions that occurred in September: Indirect material used Rp 7.000.000 Electricity ( 70% used for factories) Rp 2.000.000 Factory Maintenance Rp 1.000.000 Depreciation (40 used for office) Rp 4.000.000 Property tax ( 80% used for factories) Rp 6.000.000 Utilities ( 65% used for factories) Rp 8.000.000 Office Salaries Rp 12.000.000 Gross profit Rp 93.500.000 d. Sales of Rp. 181,000,000 with sales returns and discounts of 0.5% of gross sales e. Selling expenses were 2.5% of net sales, administrative and general expenses were 2% of gross sales f. Estimated inventory balance: Beginning Ending Finished Goods Rp 1.650.000 ? Work in Process Rp 3.000.000 Rp 1.500.000 Materials Rp 2.000.000 Rp 2.500.000 REQUESTED: Briefly describe what is called Prime Cost & Conversion Cost! Mention Direct Material, Indirect Material, Direct Labor, and Indirect Labor in this garment (jeans) company! Make a COGM Statement and Income Statement for September 2020!

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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COGM & INCOME STATEMENT PT AMBARWATI plans to compile a Cost Of Goods Manufactured and Income Statement in September 2020. The following is the cost data needed in preparing the report:

a. Purchase of raw materials of 2,000 units at a price of Rp. 18,000 / unit. Transportation costs are 1.5% of the purchase

b. Employee working hours are 4,800 direct work hours at a rate of IDR 5,000 / direct work hour

c. Transactions that occurred in September:

Indirect material used	Rp 7.000.000
Electricity ( 70% used for factories)	Rp 2.000.000
Factory Maintenance	Rp 1.000.000
Depreciation (40 used for office)	Rp 4.000.000
Property tax ( 80% used for factories)	Rp 6.000.000
Utilities ( 65% used for factories)	Rp 8.000.000
Office Salaries	Rp 12.000.000
Gross profit	Rp 93.500.000

d. Sales of Rp. 181,000,000 with sales returns and discounts of 0.5% of gross sales

e. Selling expenses were 2.5% of net sales, administrative and general expenses were 2% of gross sales

f. Estimated inventory balance:

	Beginning	Ending
Finished Goods	Rp 1.650.000	?
Work in Process	Rp 3.000.000	Rp 1.500.000
Materials	Rp 2.000.000	Rp 2.500.000

REQUESTED:

Briefly describe what is called Prime Cost & Conversion Cost!
Mention Direct Material, Indirect Material, Direct Labor, and Indirect Labor in this garment (jeans) company!
Make a COGM Statement and Income Statement for September 2020!

File
Tools
View
Document4 - Word (Product Activation Failed)
Akbi_Selasa_10.30 *
W Document4
Document3 *
Document2 *
Document1 *
2. COGM & INCOME STATEMENT PT AMBARWATI plans to compile a Cost
Of Goods Manufactured and Income Statement in September 2020. The following
is the cost data needed in preparing the report:
2. Mention Direct Material, Indirect Material, Direct Labor, and Indirect Labor in
this garment (jeans) company!
3. Make a COGM Statement and Income Statement for September 2020!
Purchase of raw materials of 2,000 units at a price of Rp. 18,000 / unit. Transpor-
tation costs are 1.5% of the purchase
b. Employee working hours are 4,800 direct work hours at a rate of IDR 5,000 /
a.
End of document
direct work hour
c. Transactions that occurred in September:
Rp 7.000.000
Rp 2.000.000
Rp 1.000.000
Rp 4.000.000
Indirect material used
Electricity ( 70% used for factories)
Factory Maintenance
Depreciation (40 used for office)
Property tax ( 80% used for factories)
Rр 6.000.000
Rp 8.000.000
Rp 12.000.000
Rp 93.500.000
Utilities ( 65% used for factories)
Office Salaries
Gross profit
d. Sales of Rp. 181,000,000 with sales returns and discounts of 0.5% of gross sales
e. Selling expenses were 2.5% of net sales, administrative and general expenses
were 2% of gross sales
f. Estimated inventory balance:
Ending
Beginning
Rp 1.650.000
Rp 3.000.000
Rp 2.000.000
Finished Goods
Rp 1.500.000
Rp 2.500.000
Work in Process
Materials
REQUESTED:
1. Briefly describe what is called Prime Cost & Conversion Cost!
Screens 1-2 of 2
--
+
100%

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