Q 2From the following particulars of a manufacturing firm, prepare a statement showing: Materials used in manufacturing OMR 60000 Materials used in primary packing OMR 10000 Materials used in selling the product OMR 1500 Materials used in the factory OMR 750 Administrative expenses OMR 1250 Depreciation on office building OMR 750 Depreciation on factory building OMR1750 Materials used in the office OMR 1250 Wages - production OMR 10000 Wages - factory supervision OMR 2000 Indirect expenses - factory OMR 1000 Selling expenses OMR 3500 Audit charges OMR 250 Bank service charges OMR 100 Freight on materials purchased OMR 5000 Advertising Expenses OMR 1250 Profit OMR 25% on cost of production Calculate : (a) Prime Cost (b) Works Cost (c) Cost of Production
Q 2From the following particulars of a manufacturing firm, prepare a statement showing:
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Materials used in manufacturing OMR 60000 |
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Materials used in primary packing OMR 10000 |
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Materials used in selling the product OMR 1500 |
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Materials used in the factory OMR 750 |
|
Administrative expenses OMR 1250 |
|
|
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Depreciation on factory building OMR1750 |
|
Materials used in the office OMR 1250 |
|
Wages - production OMR 10000 |
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Wages - factory supervision OMR 2000 |
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Indirect expenses - factory OMR 1000 |
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Selling expenses OMR 3500 |
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Audit charges OMR 250 |
|
Bank service charges OMR 100 |
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Freight on materials purchased OMR 5000 |
|
Advertising Expenses OMR 1250 |
|
Profit OMR 25% on cost of production |
Calculate :
(a) Prime Cost (b) Works Cost
(c) Cost of Production (d) Cost of Sales and (e) Profit
PLEASE ANSWER FIRST A,B AND C SUBPART
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