Question: Can you solve this problem for me? QUESTION 3 The following information is taken from the books of Syarikat Mizi Jaya Sdn Bhd.: Items RM

Can you solve this problem for me?

Can you solve this problem for me? QUESTION 3 The
QUESTION 3 The following information is taken from the books of Syarikat Mizi Jaya Sdn Bhd.: Items RM Direct material on 1/1/2008 15,000 Work in progress on 1/1/2008 2,500 Finish goods on 1/1/2008 22,500 Direct material purchased 65,000 Sales 500,000 Depreciation 25,000 Insurance premium 1,500 Office staff's salary 22,000 Salesmen's commissions 13,000 Miscellaneous administration cost 65,000 Electricity and water expenses 10,000 Royalty 5,000 Lorry driver's wages 3,000 Additional information: Stocks as at 31/12/2008: RM Direct material 5,000 Work in progress 500 Finish goods 8,500 ii. Direct labour used was 35,000 hours at rate RM5.50 per hour. iii. Depreciation of factory's equipment is RM20,000 and the rest is for office equipment. iv. Insurance premium for factory is RM1,000 and the rest is for office. V . Miscellaneous administration cost for factory is RM45,000 and the rest is for office. vi. Electricity and water expenses for factory is RM8,000 and the rest is for office. vii. Lorry was used to send goods to the customers. You are required to prepare cost statement to find prime cost, production/factory cost and total cost

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