The following data were extracted from the costing records of Bersatu Hati Production for September 2022. Salaries and wages Petrol and oil Insurance General expenses Raw material purchases Returns of defective raw materials Rental cost of special machine Additional information: i. ii. iii. iv. Salaries and wages consist of: 60% - production workers RM60,000-production supervisors RM9,520-Office administration Petrol and oil must be divided between production and administration departments in the ratio of 6:4. Insurance includes RM10,500 for the sales office. General expenses - 35% for production, 65 % for non-production departments. Required: a) Compute prime cost and production overhead. RM 250,000 11,308 21,400 93,460 79,020 4,020 5,000 b) Calculate the total product cost and period cost.

The following data were extracted from the costing records of Bersatu Hati Production for September 2022. Salaries and wages Petrol and oil Insurance General expenses Raw material purchases Returns of defective raw materials Rental cost of special machine Additional information: i. ii. iii. iv. Salaries and wages consist of: 60% - production workers RM60,000-production supervisors RM9,520-Office administration Petrol and oil must be divided between production and administration departments in the ratio of 6:4. Insurance includes RM10,500 for the sales office. General expenses - 35% for production, 65 % for non-production departments. Required: a) Compute prime cost and production overhead. RM 250,000 11,308 21,400 93,460 79,020 4,020 5,000 b) Calculate the total product cost and period cost.

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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