E-9 The following information has been provided by S Manufacturing Company for the year ended 31*...
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E-9 The following information has been provided by S Manufacturing Company for the year ended 31* December- 2013: Purchase of Raw Materials Factory Insurance Rent- Factory Building Utilities-Factory Cleaning Supplies-Factory Depreciation-Factory Equipment Tk.1,10.000 Factory Maintenance Tk.2,60,000 Tk.8,000 Tk.90,000 Tk.52,000 Tk.6,000 Tk.74,000 Direct Labour d) Inventory Balance e) Raw Materials f) Work in process g) Finished Goods h) The total manufacturing cost for the year was Tk.6,75,000; the goods available for sale totaled Tk.7,20,000 and the cost of goods sold totaled Tk.6,35,000. Required: i) Prepare a Cost of Goods Sold Statement. Beginning Tk.50,000 Ending Tk.40,000 33,000 ? 30,000 ii) Suppose the company has produced 20,000 units in 2013 and find a. Unit cost of direct materials b. per unit factory rent. iii) If the company produce 30,000 units in 2014 a. What will be the unit cost of direct materials and total direct materialcost? b. What will be the unit cost of factory rent and total factory rent? E-9 The following information has been provided by S Manufacturing Company for the year ended 31* December- 2013: Purchase of Raw Materials Factory Insurance Rent- Factory Building Utilities-Factory Cleaning Supplies-Factory Depreciation-Factory Equipment Tk.1,10.000 Factory Maintenance Tk.2,60,000 Tk.8,000 Tk.90,000 Tk.52,000 Tk.6,000 Tk.74,000 Direct Labour d) Inventory Balance e) Raw Materials f) Work in process g) Finished Goods h) The total manufacturing cost for the year was Tk.6,75,000; the goods available for sale totaled Tk.7,20,000 and the cost of goods sold totaled Tk.6,35,000. Required: i) Prepare a Cost of Goods Sold Statement. Beginning Tk.50,000 Ending Tk.40,000 33,000 ? 30,000 ii) Suppose the company has produced 20,000 units in 2013 and find a. Unit cost of direct materials b. per unit factory rent. iii) If the company produce 30,000 units in 2014 a. What will be the unit cost of direct materials and total direct materialcost? b. What will be the unit cost of factory rent and total factory rent?
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Related Book For
Accounting Business Reporting for Decision Making
ISBN: 9780730302414
4th edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
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