During the year ended 30 June 2019, Beautiful Bottles Pty Ltd incurred the following costs in connection

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During the year ended 30 June 2019, Beautiful Bottles Pty Ltd incurred the following costs in connection with its production activities.

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(a) Calculate the relationship between factory overhead costs and direct labour cost.

(b) Prepare a cost of goods manufactured statement for the year ending 30 June 2019.

(c) Prepare closing entries using the Manufacturing Summary account.

(d) Prepare the general journal entry to close the Manufacturing Summary account.

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Accounting

ISBN: 9780730363224

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Beattie Claire, Hellmann Andreas, Maxfield Jodie

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