(b) A transistor manufacturer, who commenced his business on 1st June, 2017 supplies you with the...
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(b) A transistor manufacturer, who commenced his business on 1st June, 2017 supplies you with the following information and asks you to prepare a statement showing the profit per transistor sold. Wages and materials are to be charged at actual cost, works overhead at 75% of wages and office overhead at 30% of works cost. Number of transistors manufactured and sold during the year was 540. Other particulars: Materials per set Wages per set Selling price per set 240 80 600 If the actual works expenses were 32,160 and office expenses were 61,800, prepare a Reconciliation Statement. [7] (b) A transistor manufacturer, who commenced his business on 1st June, 2017 supplies you with the following information and asks you to prepare a statement showing the profit per transistor sold. Wages and materials are to be charged at actual cost, works overhead at 75% of wages and office overhead at 30% of works cost. Number of transistors manufactured and sold during the year was 540. Other particulars: Materials per set Wages per set Selling price per set 240 80 600 If the actual works expenses were 32,160 and office expenses were 61,800, prepare a Reconciliation Statement. [7]
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Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Posted Date:
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