N 19 M 100%1 14:19CTSha.pdf(i) Uulities – RM4,800 of the utilities is estimated to be for the office use.[Udie - RM4.N00 alai dianggarkan unul keguam pejabat(iv) Depreciation of motor vehicles - RM36,000 of this considered to be for use by the factorand the rest for the office.|Susat nikei kenderuan berwotor - RM6.000 ini dianggap digunakan odeh fiker tersebut dan selebularyawntuk pejahat(v) General expense - one-third of the amount is considered to be for affice use while therest is for use in the factory.(Perbelanjan u - pertiga daripada jumlah weeb dinggp untuk kegamaan pejahusementara selebihnya dganakan untuk kilang(vi) Inventory of raw materials - RMIS,420.(leventovi bahan menah - RM15,420(vii) WIP, raw materials – RM13,690.(WIP, hahan mentah - RMIR0)(vii) WIP, factory wages - RM16,320.(WIP, upah kilang - RMI6.120(ix) WIP, factory overhead - RM28850.(WIP, everhed kilang RM2RASO(x) Inventory of finished goods was valued at RM95,000.(Iventori hanang siap dinilai pada RM95,000Required:(DNkohendaki:)a) Prepare statement of cost production for the year ended 31 December 2020(Sedakan penyata kas pengelaaran hagi aatun berakhir 31 Disember 2020b) Prepare statement of comprehensive income for the year ended 31 December 2020.(Sediakan penyata pendaptan komprehensif bagi tahun berakhir 31 Disenber 2000CANCELPONE CTSha Sdn. Bhd., a local business involved in the manufacturing of plastic, metal and athermoulds for a wide variety of industrial customers, had the following balances extracted fromits books on 31 December 2020.(CTSha Sdn. Bhd, pemiagam tempatan yang wrlibar dalam pembutan plantik legam dan acun acum lainuntak pelhagai jemis pelanggan industri, mempunyai baki-haki berikat yang diekstrak dari bukunya pada 31Disember 2020Name of AccountRM14.630WIP - Raw materials, 1 January 2020WIP - Factory wages, 1 January 2020WIP - Factory overhead, 1 January 2020Raw materials, 1 January 2020Raw materials purchasesTransportation of raw materialsCustom duties on raw materialsInsurance on raw materialsFactory wagesGroup accident insurance on factory workersDepreciation of plant and factory machineryOils and lubricantsFactory supervisoe's wagesFactory cleaner's wagesFactory security's staff salariesFactory repais and maintenanceFactory insurance expenseSales returnsFinished goods. I January 2020Advertising expenseSalesmen's commissionsSalesmen's salariesSelling expensesOffice wages & salariesOffice insurance expenseDepreciation of office furnitureDiscounts allowedBad debts expenseRent expensesManager's salary18.33021.66036.700251.3408.3409.6003.500285,43012.34048.0005,70030,40012.30018,6009,5608,40023.00075.38037.63035,48064,57011.22073.5805,8703.50022,46032,760180.00099,000Utilities40,800Depreciation of motor vehiclesGeneral expensesPilferage of raw materialsReturns of raw materialsSalesDiscount receivedInterest on fixed deposits44.00022.50014005,6002.854.20023.46015.000Additional information:(Maklumat tamhuham:On 31 December 2020, the following estimates were made:(Pala 31 Disember 2020, an gparan-angganan benkur telah dibuar:(1) Rent – two-thirds of the rent is for the factory while the rest is for the office.(Seva - dua perniga daripada sewa adalah untnk kilang sementara selebileya unnak pejabat)(ii) Manager's salary - one-third is for the factory while the rest is for the office.[Gaji pengurus - sate pertiga adalah wenak kilang sementura selebilnya untuk pejahat.(ii) Utilities - RM4,800 of the utilities is estimated to be for the office use.( Uulin - RM4,800 anilai dianggarkan untuk kenunaan oejabat.)CANCELPONE

Cost of production report and statement of comprehensive income is shown below:

(ii) Uulities - RM4,800 of the utilities is estimated to be for the affice use. [Unlia - RMAN0 danggarkan unnd kegunan pejabar (iv) Depreciation of motor vehicles - RM36.000 of this considered to be for use by the factor and the rest for the affice. (Sasat miiai kenderaan bemotor - RMI6.00 ini dianggap digunakan oleh fakaur sersebur dan seleblaa watuk pejahar (v) General expense -- one-third of the amount is considered to be for office use while the rest is for use in the factory. (Perbelanjan un - saa pertiga daripada jumlah rabae diangp untak keganaan pejabat sementara selebiha dganakan unk ilange (vi) Inventory of raw materials - RMIS420. (evenri hahan menuk - RM15,420 (vii) WIP, raw materials – RM13,690. (WIP, bahan mentah - RMIR0 (viii) WIP, factory wages - RM16,320. WIP, upah kilang - RMI6.20 (ix) WIP, factory overhead – RM28.850. (waP, everhed kilang - RM2RAS0 (x) Iaventory of finisked goods was valued at RM95,000. (Iventori hanang siap dinilai pada R5. Required: (DNkohendaki:) a) Prepare statement of cest production for the year ended 31 December 2020 Sedukan penyata kas pengelaaran hagi alun berukhir 31 Disember 2020 b) Prepare statement of comprehensive income for the year ended 31 December 2020. Sediakan penyata pendapatan komprehensif bagi nahan berakhir 31 Disenber 2020

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q