Communication I Section Bpdf XW Document 2.docx Microsoft W Xcgfinalexanmtimetablelive.com/edit aspx?action%3Deditnew&resid%-D387C20AAA4FE5EB!182&ithint-file%2cdocx&action-editeDrive vSearch (Alt + Q)ReferencesReviewO EditingViewHelpI U11AA v...REQUIREDA. Prepare the Manufacturing, Trading, Profit and Loss Account for Furnishing Homes for theperiod ending June 30, 2015.Showing clearly:Cost of raw materials consumedPrime costFactory cost of goods producedSelling and distribution expensesGeneral administrative expensesB. Calculate: The production cost per decorative tile completed 80%ACCQuestion 3The following information for the period ending June 30, 2015, was taken from the books ofFurnishing Homes, manufacturers of decorative tiles.Carriage in on raw materialsOpening sock of raw materialsPurchase of raw materialsPurchases returns12 00040 000160 000Closing stock of raw materialsProduction wagesDirect factory wagesWork in progress- July 1, 2014Work in progress- June 30, 2015Overhead:62 00030 00047 0006 00013 00021 0008 000InsuranceSalariesLight & powerTelephoneDepreciationRent28 00011 0007 50012 50015 000Each overhead cost is apportioned on the following basis:FactorySelling & distributionGeneral administration50%20 %30%The number of decorative tiles done and sold during the period was 50 000 at $7 per tile.

uestion 3 he following information for the period ending June 30, 2015, was taken fr urnishing Homes, manufacturers of decorative tiles. 12 000 Carriage in on raw materials Opening sock of raw materials Purchase of raw materials 40 000 160 000 Purchases returns 62 000 30 000 Closing stock of raw materials 47 000 Production wages 6 000 Direct factory wages Work in progress- July 1, 2014 Work in progress- June 30, 2015 Insurance Salaries Light & power Telephone Depreciation Rent 13 000 21 000 8 000 28 000 Overhead: 11 000 7 500 12 500 15 000 Each overhead cost is apportioned on the following basis: Factory Selling & distribution General administration 50% 20% 30% The number of decorative tiles done and sold during the period was 50 000

uestion 3 he following information for the period ending June 30, 2015, was taken fr urnishing Homes, manufacturers of decorative tiles. 12 000 Carriage in on raw materials Opening sock of raw materials Purchase of raw materials 40 000 160 000 Purchases returns 62 000 30 000 Closing stock of raw materials 47 000 Production wages 6 000 Direct factory wages Work in progress- July 1, 2014 Work in progress- June 30, 2015 Insurance Salaries Light & power Telephone Depreciation Rent 13 000 21 000 8 000 28 000 Overhead: 11 000 7 500 12 500 15 000 Each overhead cost is apportioned on the following basis: Factory Selling & distribution General administration 50% 20% 30% The number of decorative tiles done and sold during the period was 50 000

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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Find the cost of production for the manufacturers account
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fill in missing t account
Current Attempt in Progress Tamarisk Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: $14,800 12,120 3,840 47,120 77,440 132,480 8,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used $66,480 44,320 2,400 1,280 1,920 14,400 2,510
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How to find cost of materials purchased See attached
Parts A B C
Please answer required a,b
CCOUNTING Section3 Lecture (20201_020113 Courses / COST ACCOUNTING Section3 Lecture (20201 020113101 AAUP - JENIN)/ 23 February-1 Ma Time left 01740 The following infiormation pertains to a manufacturing company which uses weighted average method: Work in process, beginning direct materials $550,000 and conversion $450,000, Costs added in current period, direct materials $650,000 and conversion S750,000 cost per equivaient unit, direct materials $200 and conversion $300. Using weighted average method, the equlvalent units of materials is Oa 8000 units b.6000 units OC4500 units d.5333 units Oear my choice Next page Jump to chapter 15+15 powe point -
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The Journey Ends Wine Manufacturing extracted the following balance as at 30 June 2020. Inventory Raw materials 12,000 Furnished goods 36,900 Work in progress 33,810 Purchase of raw materials 195,000 Carriage on raw materials 10,500 Direct factory wages 122,100 Indirect factory wages 45,900 Maintenance and repairs 25,350 Electricity 40,110 Sales 900,000 Plant and machinery at cost 426,000 Provision for depreciation on plant and machinery 36,000 Receivables 15,000 Payables 30,000 Bank 10,000 Capital Additional Information: 6,760 Inventoryat 30 June 2020 Raw materials $10,500 Finished goods $51,906 Work in progress $28,260 Depreciationis to be calculated on plant and machinery at the rate of 10% of cost. Theoffice is responsible for 2/5 of the maintenance. Electricity outstanding at the end of the year $90 Thefactory is responsible for 1/3 of electricity. Production cost was…
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