Question 2: ABC Company has the following information for the period ended 31 December 2020. Direct material purchased Direct labor Factory maintenance Power and heat- factory Direct Expenses Indirect factory labor Freight In Depreciation - Factory Advertisement expenses Inventories, 1 January 2020: OMR 680000 OMR 200000 OMR 29000 OMR 18500 15 % of the direct labor cost OMR 25000 OMR 7000 OMR 33300 OMR 8500 Direct Material OMR 45700 Work-in-process Finished goods OMR 50000 OMR 75000 returns of Purchase direct materials OMR 7400 Depreciation-administrative OMR 13800 Inventories, 31 December 2020: Material OMR 19000 Work-in process Finished goods OMR 32000 3000 Units Total Production Units 35000 units Salary - administrative OMR 5000 Commission – selling OMR 15800 Finished goods are valued at the current unit manufacturing cost. You are required to prepare: I. Manufacturing Statement II. Calculate unit production cost.
Question 2: ABC Company has the following information for the period ended 31 December 2020. Direct material purchased Direct labor Factory maintenance Power and heat- factory Direct Expenses Indirect factory labor Freight In Depreciation - Factory Advertisement expenses Inventories, 1 January 2020: OMR 680000 OMR 200000 OMR 29000 OMR 18500 15 % of the direct labor cost OMR 25000 OMR 7000 OMR 33300 OMR 8500 Direct Material OMR 45700 Work-in-process Finished goods OMR 50000 OMR 75000 returns of Purchase direct materials OMR 7400 Depreciation-administrative OMR 13800 Inventories, 31 December 2020: Material OMR 19000 Work-in process Finished goods OMR 32000 3000 Units Total Production Units 35000 units Salary - administrative OMR 5000 Commission – selling OMR 15800 Finished goods are valued at the current unit manufacturing cost. You are required to prepare: I. Manufacturing Statement II. Calculate unit production cost.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Question 2:
ABC Company has the following information for the period ended 31 December 2020.
「中
Direct material purchased
Direct labor
OMR 680000
OMR 200000
Factory maintenance
Power and heat-factory
Direct Expenses
Indirect factory labor
Freight In
Depreciation - Factory
Advertisement expenses
Inventories, 1 January 2020:
OMR 29000
OMR 18500
15 % of the direct labor cost
OMR 25000
OMR 7000
OMR 33300
OMR 8500
Direct Material
OMR 45700
Work-in-process
Finished goods
OMR 50000
OMR 75000
returns of Purchase direct materials
OMR 7400
Depreciation-administrative
OMR 13800
Inventories, 31 December 2020:
Material
OMR 19000
Work-in process
Finished goods
OMR 32000
3000 Units
Total Production Units
35000 units
Salary - administrative
OMR 5000
Commission – selling
OMR 15800
Finished goods are valued at the current unit manufacturing cost.
You are required to prepare:
I. Manufacturing Statement
II. Calculate unit production cost.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fec871efe-bfe9-45a4-9fb1-b61713e773a6%2F9e25eaa8-6278-4c92-9ef4-54733148c0a5%2F6avd5ya_processed.png&w=3840&q=75)
Transcribed Image Text:Question 2:
ABC Company has the following information for the period ended 31 December 2020.
「中
Direct material purchased
Direct labor
OMR 680000
OMR 200000
Factory maintenance
Power and heat-factory
Direct Expenses
Indirect factory labor
Freight In
Depreciation - Factory
Advertisement expenses
Inventories, 1 January 2020:
OMR 29000
OMR 18500
15 % of the direct labor cost
OMR 25000
OMR 7000
OMR 33300
OMR 8500
Direct Material
OMR 45700
Work-in-process
Finished goods
OMR 50000
OMR 75000
returns of Purchase direct materials
OMR 7400
Depreciation-administrative
OMR 13800
Inventories, 31 December 2020:
Material
OMR 19000
Work-in process
Finished goods
OMR 32000
3000 Units
Total Production Units
35000 units
Salary - administrative
OMR 5000
Commission – selling
OMR 15800
Finished goods are valued at the current unit manufacturing cost.
You are required to prepare:
I. Manufacturing Statement
II. Calculate unit production cost.
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