The current expenscs arc (Rs. in crorcs)ParticularsRsParticularsRs.ParticularsRs.RM Consumed15,017Rent29Depreciation Plant 560and MachineryDirect Labour280Powar and Fucl10Opcning WIP250Excise Dutics5993Equipment HireTChargesClosing WIP120Repairs165Officesparchemicalsand71Socurity IChargesDepreciation45Printing& 8Rent Office30OfficeStationaryInsurance50Office Salarices280Travelingand 20ConveyancetoSalesmanDepreciationAdvertisingon&82Production staff salary100transport equipmentPublicitySales50000You are nequred to help Uic peoduction and cost departnnent by Tinding the per unit cost in different functionsand the profit IN tof seling 300000 tornesCLO3

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The current expenscs arc (Rs. in crorcs) Particulars R Particulars Particulars Ra. Depreciation Plant 560 and Machinery RM Consumed 15,017 Rent 29 Direct Labour 280 Powar and Fucl 10 Opcning WIP 250 Equipment HireI Charges spark Excise Dutics 5993 Closing WIP 120 Repairs 165 and 71 Office Socurity 1 chemicals Chargcs Depreciation 45 Printing Rent- Office 30 Office Stationary Insurance 50 Office Salaries 280 Traveling and 20 Conveyance to Salesman Depreciation Advertising Production staff salary on 100 transpoit equipment Sales Publieity 50000 You are nequred to help Un peoduction annd cost departosent by finding the per unit cost in different functions and the profit tof seling 300000tones CLO3

The current expenscs arc (Rs. in crorcs) Particulars R Particulars Particulars Ra. Depreciation Plant 560 and Machinery RM Consumed 15,017 Rent 29 Direct Labour 280 Powar and Fucl 10 Opcning WIP 250 Equipment HireI Charges spark Excise Dutics 5993 Closing WIP 120 Repairs 165 and 71 Office Socurity 1 chemicals Chargcs Depreciation 45 Printing Rent- Office 30 Office Stationary Insurance 50 Office Salaries 280 Traveling and 20 Conveyance to Salesman Depreciation Advertising Production staff salary on 100 transpoit equipment Sales Publieity 50000 You are nequred to help Un peoduction annd cost departosent by finding the per unit cost in different functions and the profit tof seling 300000tones CLO3

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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Sales Salaries and commissions 1500, Depreciation of Building 500, office and officeers Salaries 2000, Depreciation of office Equipment 450, Shipping Supplies 500, insurance Expenses 800; Depreciation sales Equipment 300, Freight-in 1000, legal and professional Services 650, interest Expenses 300, Utilities Expenses 1500. The Total Administrative Expenses is: A) 5400 B) 4400 C) 6900 D) 5900 Sales Salaries and commissions 1500, Depreciation of Building 300, office Salaries 1200, Advertising Expenses 500, Depreciation of office Equipment 150, Freight-out 1000, insurance Expenses 800; Depreciation sales Equipment 300, Freight-in 500, legal and professional Services 350, interest Expenses 300, officers' salaries 200. The Total Administrative Expenses is: A) 3500 B) 4000 C) 3300 D) 3000 The Total Selling Expenses is: A) 3300 B) 2800 C) 3600 D) 3000 Sales Salaries and commissions 2500, office Salaries 1200, Advertising Expenses 1000, Depreciation of office Equipment 150, Shipping Supplies…
emaining Time: 1 hour, 38 minutes, 03 seconds. * Question Completion Status: QUESTION 5 XYZ company provided the following information: Sales Accounts payable Selling expenses Administrative expenses Other revenues $134,500 15,500 37,000 13,000 27,000 95.000 24,000 22.000 Cost of goods sold Cash Other expenses Required: Calculate the following (SHOW YOUR CALCULATIONS) 1. Gross profit For the toolbar. press ALT+F10 (P) or ALT+FN+F10 (Mac). Paragraph 2. Net income/ loss (note: specify whether the company had net inçome or set los) EEA v10pt V Arial BIUS Click Save and Submit to save and submit. Click SaveAll Aners t se el s 米 esc
Direct material used $20,000 Depreciation- plant building $8,000 Indirect material (supplies) $2,500 Depreciation - sales building $6,000 Direct manufactured labor $7,000 Depreciation - plant tools $2.300 Indirect manufactured labor (annually salaries) $3,500 Production 40,000 units The total of "ixed costs" is: Question 3/20o 1.22300, 2 17300. 3.16300. 4.10,300. 5. None of the above
Please Solve In 20mins I will Thumbs-up promise
ABC Corp. acquired the following assets on June 30, 20X1: Cost Scrap Value Useful life Tools 21,000 1,000 4 Machines 102,000 7,000 5 Furniture 15,000 0 3 What is the composite rate? (round answer to 2 decimal places, DO NOT put % sign)
The trucks account (at cost) of a business for the year ended 31 December 20X1 was as follows. TRUCKS - COST 20X1 1 Jan balance 30 June cash - purchase of vans $ 240,000 160,000 400,000 A B C D 20X1 $68,000 $57,000 $53,000 $21,000 31 Mar disposal account 31 Dec balance Brought forward accumulated depreciation at 1 January 20X1 was $115,000. The truck disposed of on 31 March had a carrying value of $20,000. $ 60,000 340,000 400,000 The company's policy is to charge depreciation at 20% per year on the reducing balance, and charges a full year's depreciation in the year of acquisition and none in the year of disposal. What should be the depreciation charge for the year ended 31 December 20X1?
Data for adjustments: • Annual depreciation: Office equipment - 20% Furniture & Fixtures - 10%
List the errors you find in the following partial balance sheet: Burnt Red Company Balance Sheet December 31, 20Y2 Assets Total current assets... $350,000 Replacement Accumulated Depreciation Book Value Cost Property, plant, and equipment: Land ... $ 50,000 $ 250,000 $200,000 Buildings ... 450,000 160,000 290,000 Factory equipment.. Office equipment Patents ... 140,000 375,000 235,000 60,000 125,000 65,000 90,000 90,000 Goodwill 60,000 10,000 50,000 Total property, plant, and equipment.... $1,350,000 $420,000 $930,000
9:00 A docs.google.com Samawah refinery purchased a machine and the following costs were incurred: Cash price IQD 30000 and Insurance during transit IQD 2000 and Installation IQD 1000, The amount should be recorded at the cost :of the machine is 30000 32000 33000 none of all the above All costs paid to buy a machine to make ready for intended use, is an application of: Revenue recognition principle. Continuity Concept. Full disclosure principle. Cost principle.