Question: please i need help with this, thank you Question 1 (2 marks) Allen Company used Dh71,000 of direct materials and incurred Dh37,000 of direct labor

please i need help with this, thank you please i need help with this, thank you Question 1 (2 marks)

Question 1 (2 marks) Allen Company used Dh71,000 of direct materials and incurred Dh37,000 of direct labor costs during 2011. Indirect labor amounted to Dh2,700 while indirect materials used totaled Dh1,600. Other operating costs pertaining to the factory included utilities of Dh3,100; maintenance of Dh4,500; supplies of Dh1,800, depreciation of Dh7,900; and property taxes of Dh2,600. There was no beginning or ending finished goods inventory, but work in process inventory began the year with a Dh5,500 balance and ended the year with a Dh7,500 balance. Required: Prepare a statement of cost of goods manufactured. Question 2 (3 marks) Kissimmee Paint Co, reported the following data for the month of July. There were no beginning inventories and all units were completed (no work in process). Total Cost Number of Units Unit Cost Manufacturing costs: Variable Fixed Total Dh465,000 210,000 Dh675.000 30,000 30,000 Dh15.50 7.00 Dh22.50 Selling and administrative expenses: Variable Fixed Dh2 per unit sold Dh39,000 In the month of July, 28,000 of the 30,000 units manufactured were sold at a price of Dh80 per unit. Required: (a) Prepare a variable costing income statement. (b) Prepare an absorption costing income statement. (c) Briefly explain why there is a difference in income from operations between the two methods

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