s M Ltd. produced and sold are 5000 units @ 50 per unit. From given data prepare cost sheet with per unit. Particulars Amount Particulars Amount Direct Material 100000 Office Rent 6000 Direct Wages 25000 Direct Expenses10000 Office Stationery 1000 Wages Of Foremen 8000 Telephone Charges 250 Director's Fees 2600 Advertising 3500 Depreciation - Factory 4000 Factory Rent 17000 Carriage Outwards 750 Factory Lighting 3000 Salesmen'sSalary 2500 Depreciation - Office 2400 Oil & water 1000

The cost sheet is a statement of cost which shows the various components of total cost of the…

Answered: From given data prepare cost sheet with…

Business

Accounting

From given data prepare cost sheet with per unit. P

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EA: Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on...

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M Ltd. produced and sold are 5000 units @ ₹ 50 per unit. From given data prepare cost sheet with per unit. Particulars Amount Direct Material Direct Wages 100000 25000 Office Stationery 1000 Telephone Charges 250 Advertising 3500 17000 3000 2400 Factory Rent Factory Lighting Depreciation-Office Particulars Office Rent Direct Expenses Wages Of Foremen Director's Fees Depreciation-Factory Carriage Outwards Salesmen's Salary Oil & water Amount 6000 10000 8000 2600 4000 750 2500 1000
Assume RIOO 000 direct material was issued to the company. Direct labourpaid amounted to R30 000, Factory supervisor salary R4 000, Electricity forthe factory R3 000 and rent for the factory building was R20 000 . Supposethe Work - in - progress in the beginning of the year was R9 000 and at theend of the year was R6 000 . What is the value of the Finished goods that istransferred to the Sales department?A. R154 OOOB. R160 OOOC. R103 OOOD. R157 OOO
The Love Manufacturing Company has the following financial information:· Manufacturing overhead P300,800· Direct materials increased by 130, 000· Work in process increased by 90, 000· Finished goods decreased by 320, 400Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing.How much is the cost of goods sold?
I b) Refer to the following data: Direct material used $180 000 Advertising costs $ 5 000 Indirect labour $ 8 000 Rent on corporate office $ 20 000 Depreciation on factory equipment $ 60 000 Direct labour $ 30 000 Factory cleaners wages $ 20 000 Indirect materials $ 35 000 Required (show your workings for each question): Determine each of the following costs: (list the costs under each cost category when calculating the answer). Period costs
Calculate the total Product costs and Period costs Given that (amount in EGP) : Direct manufacturing labor 15,000 - Machine maintenance 2000 - Sales commission 2000 - Depreciation office equipment 3000 - Depreciation plant equipment 5000 - Advertising expense 1500 - Indirect manufacturing material 2500 - Freight in 2500 - Machinery power 2000 - Direct material used 20.000 Accountant salaries 4000 - Office building rent 3000 Salesmen salaries 5500 -Freight out 1000- Indirect manufacturing labor 1000.
The TOYO Manufacturing Company has the following financial information:· Manufacturing overhead P300,800· Direct materials increased by 130, 000· Work in process increased by 90, 000· Finished goods decreased by 320, 400Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing.How much is the cost of goods sold?
The following information is available for a company. How much rent and rate costs should be apportioned to Department Z? Rent and rate costs 15,000 Bases of apportionment Departments x floor area (square metres) 2000 Machine utilisation (%) 60 No. of employees 100 department y floor area (square metres) 2000 Machine utilisation (%) 10 No. of employees. 200 department z floor area (square metres) 2000 Machine utilisation (%) 30 No. of employees. 300 A. £7,500 B £6,000 C. £3,000 D. £4,500
Last year, Regio Company incurred the following costs: Direct materials 50,000 Direct Labor 20,000 Manufacturing overhead 130,000 Selling expense 40,000 Administrative expense 36,000 Regio produced and sold 10,000 units at a price of 31 each. 1. What is the prime cost per unit? 2. What is the conversion cost per unit? 3. What is the cost of goods sold per unit 4. What is the gross profit per unit? 5. What is the operating income?
Use the information below for Darwin Company to answer the questions that follow. Sales $76,500 Direct materials used 7,300 Depreciation on factory equipment 4,700 Indirect labor 5,900 Direct labor 10,500 Factory rent 4,200 Factory utilities Sales salaries expense 1,200 15,600 Office salaries expense 8,900 Indirect materials 1,200 Darwin Company's product costs are O $30,300 O $35,000 O $29,200 O $24,500
1)Learned Corporation has provided the following information:Cost perUnitCost per PeriodDirect materials $ 5.00Direct labor $ 4.25Variable manufacturing overhead $ 1.85Fixed manufacturing overhead $ 35,000Sales commissions $ 0.70Variable administrative expense $ 0.60Fixed selling and administrative expense $ 9100Required:a. For financial reporting purposes, what is the total amount of product costsincurred to make 7000 units?b. For financial reporting purposes, what is the total amount of period costsincurred to sell 7000 units?c. If the selling price is $23.80 per unit, what is the contribution margin per unitsold? (Round your answer to 2 decimal places.)d. If 8000 units are produced, what is the total amount of direct manufacturingcost incurred?e. If 8000 units are produced, what is the total amount of indirect manufacturingcosts incurred?a. Total product (manufacturing) costb. Total period (manufacturing) costc. Contribution margin per unitd. Total direct manufacturing coste. Total…
b) Refer to the following data: Direct material used $180 000 Advertising costs $ 5 000 Indirect labour $ 8 000 Rent on corporate office $ 20 000 Depreciation on factory equipment $ 60 000 Direct labour $ 30 000 Factory cleaners wages $ 20 000 Indirect materials $ 35 000 Required (show your workings for each question): Determine each of the following costs: (list the costs under each cost category when calculating the answer). Product costs
According to the information given in the table below, which of the following is Cost of Production? Raw materials consumed 149500 Wages 107500 52 % of prime cost Factory overhead Administrative expenses 42000 Selling expenses 28000 Select one: O a. 390640 O b. 412300 O C. 422000 O d. 399500