Popeye Company is a metal and wood cutting manufacturer, selling products to the home construction market. Consider the following data for the month of October, 2016. Sandpaper Material handling costs 5,000 1,75,000 Lubricants and coolants 12,500 Miscellaneous indirect manufacturing labour Direct manufacturing labour Direct materials (01-10-16) Direct materials (31-10-16) Finished Goods (01-10-16) Finished Goods (31-10-16) Work in progress (01-10-16) Work in progress (31-10-16) Plant leasing costs Depreciation on plant equipment Property taxes on plant equipment Fire insurance on plant equipment Direct materials purchased 1,00,000 7,50,000 1,00,000 1,25,000 2,50,000 3,75,000 25,000 35,000 1,35,000 90,000 10,000 7,500 11,50,000 34,00,000 Sales revenues Marketing promotions Marketing salaries 1,50,000 2,50,000 Distribution costs 1,75,000 Customer service costs 2,50,000 Prepare Cost sheet and find out the profit for the month of October 2016.

Popeye Company is a metal and wood cutting manufacturer, selling products to the home construction market. Consider the following data for the month of October, 2016. Sandpaper Material handling costs 5,000 1,75,000 Lubricants and coolants 12,500 Miscellaneous indirect manufacturing labour Direct manufacturing labour Direct materials (01-10-16) Direct materials (31-10-16) Finished Goods (01-10-16) Finished Goods (31-10-16) Work in progress (01-10-16) Work in progress (31-10-16) Plant leasing costs Depreciation on plant equipment Property taxes on plant equipment Fire insurance on plant equipment Direct materials purchased 1,00,000 7,50,000 1,00,000 1,25,000 2,50,000 3,75,000 25,000 35,000 1,35,000 90,000 10,000 7,500 11,50,000 34,00,000 Sales revenues Marketing promotions Marketing salaries 1,50,000 2,50,000 Distribution costs 1,75,000 Customer service costs 2,50,000 Prepare Cost sheet and find out the profit for the month of October 2016.

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Description: airtel ul a 58.7B/s23 1:02COST SHEET_CW.docxPopeye Company is a metal and wood cutting manufacturer, selling products to the homeconstruction market. Consider the following data for the month of October, 2016.SandpaperMaterial handling costs5,0001,7

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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