Question about order costing system The following is the data extracted from the records of the garment factory that follows the production order costing system for the month of April 2016 First, incomplete orders at the beginning of the month

1. Order No. (1), its cost: the cost of direct materials 30,000 riyals, direct wages 20,000 riyals, an estimated indirect industrial cost of 20,000 riyals
2. Order No. (2), its cost: direct materials cost 36,000 riyals, direct wages 1,2000 riyals, cost Indirect industrial estimated 12,000 riyals.

Second: The cost of direct materials during the month:

Order No. (1) Materials dispensed from warehouses 6000 riyals 1000 riyals, including materials transferred to the order Order No. (2) of materials purchased specifically for the order, 12,000 riyals, including materials lost due to negligence, 1000 riyals Order No. (3) Materials dispensed from warehouses 25,000 riyals, including damaged materials within the permissible limits of 500 riyals

Third: direct wages Order No. (1) 5,000 riyals, Order No. (2) 0,000 riyals, and Order No. (3) 15,000 riyals.

Fourth: The estimated loading rate for indirect industrial costs is 100% of direct wages For the month of March 130% of the direct wages for the month of April

Fifth: It was found at the end of April that the actual charge rate for indirect costs was 110 for the month of March and 120 for the month of April from direct wages.

Sixth: Order No. (1) was produced and deposited in the stores, and Order No. (2) was completed and received by the customer in the amount of EGP 130,000, and Order No. (3) is still in operation at the end of the month.

Required

Preparing a list for each order costs or profits and losses with differences settlement