DATE/203 dlustration, prepare a cost sheet of thefollowing data relating to the manufactureof Jeans:Number of Jeans mana factured during themonth 1.000Direct materials consumed200008000Direct labour2500Indirect labour (in factory).supervision costs (in factory)10001600factory premises rentfactory lighting.600100oill for machines.Depreciation of Machines.SOO8000office overheads.office salaries20001000Misc, office expenses.Selling and distribution overheads6000Note 8-A profit margin of 20%. on thetotal cost of goods is expected on thesale of Jeans.

Cost sheet refers to the sheet or statement which depicts the different components of the aggregate…

DATE 3 ustration, prepare a cost sheet of the Following data relating to the manufacture of Jeans: Number of Jeans mana factured during the month 1.000 20000 Direct materials consumed Direct labour 8000 2500 Indirect labour (in factory). 1000 1600 supervision casts (in factory) factory premises rent. factory lighting. 600 100 oill for machines. Depreciation of Machines SOO office overheads. 8000 office salaries 2000 1000 Misc, office expenses. Selling and distribution overheads 6000. Note 8- the A profit margin of 20%. on the total cost of goods is expected on sale of Jeans.

DATE 3 ustration, prepare a cost sheet of the Following data relating to the manufacture of Jeans: Number of Jeans mana factured during the month 1.000 20000 Direct materials consumed Direct labour 8000 2500 Indirect labour (in factory). 1000 1600 supervision casts (in factory) factory premises rent. factory lighting. 600 100 oill for machines. Depreciation of Machines SOO office overheads. 8000 office salaries 2000 1000 Misc, office expenses. Selling and distribution overheads 6000. Note 8- the A profit margin of 20%. on the total cost of goods is expected on sale of Jeans.

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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Instructions: (a) Prepare the cost of goods manufactured schedule. (b) Compute the cost of goods sold.
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