The following data were extracted from the costing records of Suri Manufactures for September 2022. Salaries...
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The following data were extracted from the costing records of Suri Manufactures 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. Salaries and wages consist of: 70% - production workers ii. iii. iv. RM 300,800 11,308 21,400 93,460 79,020 4,020 5,000 RM39, 104-production supervisors RM51,136 - Office administration Petrol and oil must be divided between production and administration departments in the ratio of 7:4. Insurance includes RM9,920 for the sales office. General expenses - 25% for production, 75 % for non-production departments. Required: Calculate prime cost, production overhead, production cost, and non-production cost. The following data were extracted from the costing records of Suri Manufactures 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. Salaries and wages consist of: 70% - production workers ii. iii. iv. RM 300,800 11,308 21,400 93,460 79,020 4,020 5,000 RM39, 104-production supervisors RM51,136 - Office administration Petrol and oil must be divided between production and administration departments in the ratio of 7:4. Insurance includes RM9,920 for the sales office. General expenses - 25% for production, 75 % for non-production departments. Required: Calculate prime cost, production overhead, production cost, and non-production cost.
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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