The Suhail LLC. supplies you the following information and requires you to prepare a cost sheet....

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The Suhail LLC. supplies you the following information and requires you to prepare a cost sheet. (Assume the profit on cost is 20%) [3 Marks] Consumable material: Opening stock Purchases Closing stock Direct wages Other direct expenses Factory overheads Office overheads Selling and distribution overheads Unit of finished product: In hand beginning of the period Produced during the period In hand at the end of the period In Dollar 100,000 850,000 40,000 200,000 100.000 100% of direct labor 10% of work cost $2 per unit sold. Unit 1,100(value $160,000) 10,000 units 2,000 units The Suhail LLC. supplies you the following information and requires you to prepare a cost sheet. (Assume the profit on cost is 20%) [3 Marks] Consumable material: Opening stock Purchases Closing stock Direct wages Other direct expenses Factory overheads Office overheads Selling and distribution overheads Unit of finished product: In hand beginning of the period Produced during the period In hand at the end of the period In Dollar 100,000 850,000 40,000 200,000 100.000 100% of direct labor 10% of work cost $2 per unit sold. Unit 1,100(value $160,000) 10,000 units 2,000 units

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To prepare a cost sheet for the Suhail LLC you will need to calculate the total cost of the finished product by adding together the cost of the raw materials direct wages other direct expenses factory ... View the full answer