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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
Required:
a) Compute prime cost and production overhead.
RM
250,000
11,308
21,400
93,460
79,020
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.
b) Calculate the total product cost and period cost.
4,020
5,000
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