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 5,000 Material handling costs 1,75,000 Lubricants and coolants. 12,500 Miscellaneous indirect manufacturing labour Direct manufacturing labour 7,50,000 Direct materials (01-10-16) Direct materials (31-10-16) 1,25,000 Finished Goods (01-10-16) 2,50,000 Finished Goods (31-10-16) 3,75,000 Work in progress (01-10-16) 25,000 Work in progress (31-10-16) 35,000 Plant leasing costs 1,35,000 Depreciation on plant equipment 90,000 Property taxes on plant equipment 10,000 Fire insurance on plant equipment 7,500 Direct materials purchased. 11,50,000 Sales revenues 34,00,000 Marketing promotions 1,50,000 Marketing salaries 2,50,000 Distribution costs 1,75,000 Customer service costs. 2,50,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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

5,000

Material handling costs

1,75,000

Lubricants and coolants.

12,500

Miscellaneous indirect manufacturing labour

Direct manufacturing labour

7,50,000

Direct materials (01-10-16)

Direct materials (31-10-16)

1,25,000

Finished Goods (01-10-16)

2,50,000

Finished Goods (31-10-16)

3,75,000

Work in progress (01-10-16)

25,000

Work in progress (31-10-16)

35,000

Plant leasing costs

1,35,000

Depreciation on plant equipment

90,000

Property taxes on plant equipment

10,000

Fire insurance on plant equipment

7,500

Direct materials purchased.

11,50,000

Sales revenues

34,00,000

Marketing promotions

1,50,000

Marketing salaries

2,50,000

Distribution costs

1,75,000

Customer service costs.

2,50,000

 

9:14 O M M
* E ull 72
Edit
30
Example 7 (HW):
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
5,000
Material handling costs
1,75,000
Lubricants and coolants
12,500
Miscellaneous indirect manufacturing labour
1,00,000
Direct manufacturing labour
7,50,000
Direct materials (01-10-16)
1,00,000
Direct materials (31-10-16)
1,25,000
Finished Goods (01-10-16)
2,50,000
Finished Goods (31-10-16)
3,75,000
Work in progress (01-10-16)
25,000
Work in progress (31-10-16)
35,000
Plant leasing costs
1,35,000
Depreciation on plant equipment
90,000
Property taxes on plant equipment
10,000
Fire insurance on plant equipment
7,500
Direct materials purchased
11,50,000
Sales revenues
34,00,000
Marketing promotions
1,50,000
Marketing salaries
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.
Example 8:
DO
88
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Transcribed Image Text:9:14 O M M * E ull 72 Edit 30 Example 7 (HW): 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 5,000 Material handling costs 1,75,000 Lubricants and coolants 12,500 Miscellaneous indirect manufacturing labour 1,00,000 Direct manufacturing labour 7,50,000 Direct materials (01-10-16) 1,00,000 Direct materials (31-10-16) 1,25,000 Finished Goods (01-10-16) 2,50,000 Finished Goods (31-10-16) 3,75,000 Work in progress (01-10-16) 25,000 Work in progress (31-10-16) 35,000 Plant leasing costs 1,35,000 Depreciation on plant equipment 90,000 Property taxes on plant equipment 10,000 Fire insurance on plant equipment 7,500 Direct materials purchased 11,50,000 Sales revenues 34,00,000 Marketing promotions 1,50,000 Marketing salaries 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. Example 8: DO 88 Tools Mobile View Share Edit on PC School Tools 品
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