2. Galaxy Co. Ltd. Manufactured and Sold 1200 DVD players during the year 2022from the following information, prepare statement of cost and an estimation for 2023.ParticularsDirect MaterialsLabourFactory OverheadsAdministrative Overheads2,40,00096,00072,00048,000Selling Overheads24,000Sales5,76,000The company decided to produce 1600 DVD players during 2023. It is estimated that;a) The material cost will increase by 20%.

Income statement is a financial statement which shows the net income of the business.It shows the…

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prepare statement of cost and an estimation for 2023.

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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Question

2. Galaxy Co. Ltd. Manufactured and Sold 1200 DVD players during the year 2022
from the following information, prepare statement of cost and an estimation for 2023.
Particulars
Direct Materials
Labour
Factory Overheads
Administrative Overheads
2,40,000
96,000
72,000
48,000
Selling Overheads
24,000
Sales
5,76,000
The company decided to produce 1600 DVD players during 2023. It is estimated that;
a) The material cost will increase by 20%.

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