note: case 5 slove in paper work not in excel

B H Cases CGS.docx - Protected View - Saved to this PC- O e Search abdulwahid ca File Home Insert Draw Design Layout References Mailings Review View Help Share Comments CASE. NO 5 BBA 4th Semester 5th Year of Operations (1994) Cost Accounting On 1-1-1994 ABC Furniture Ltd. Company has opening inventories of raw material of Rs. 670, work in process of Rs. 120 (is of 6 incomplete units cost of material of Rs. 30, labor of Rs. 60 and foh of Rs. 30 incurred in 1993) and finished goods of Rs. 400 Company intends to complete the 6 in process tables and 64 other tables in 1994. All the raw material of Rs. 670 has been used, total labor of Rs. 1340 and foh of Rs. 670 has been incurred in year 1994. All available goods have been sold @ Rs. 50 each in 1994 by paying Rs. 160 selling, admin and general expenses. Required: (1) Prepare Cost of Goods Sold and Income Statement CASE. NO 6 BBA 4th Semester Under/Over Applied FOH Cost Cost Accounting ABC Furniture has made certain experience based on its past performance. The first experience of company is that 1 labor hour is sufficient to produce 1 table and for that 1 hour carpenter gets Rs.20 as labor cost.Company is of the view that FOH costs are closely linked with direct labor Focus O 18C A500 Page 1 of 2 1050 words + 16096 H Type here to search 9:15 PM 11/1/2021