The following cost information relates to Andy manufacturing Ltd. It is for the month ended 30th...
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The following cost information relates to Andy manufacturing Ltd. It is for the month ended 30th April 2021. Raw materials Direct Labor Factory rent Factory Power Factory Supervisor's salaries Indirect wages General administration expenses General Selling & Distribution expenses....$1,500 Transport charges Other direct expenses. Depreciation of motor van Depreciation of office building Commission to salesmen Audit fees Profit is 17% of total cost of sales Required i) Help management of Andy prepare a cost sheet (clearly showing Prime cost, Factory works, production cost, and total cost of sales. ii) Assuming 600 units were produced and sold, determine the cost per unit. iii) Determine the sales revenue that was obtained at the end of the month. $3,000 $8,000 $1,500 $5,000 $2,000 $1,000 $4,000 ..$1,200 $1,000 ..$200 ..$150 $200 $300 The following cost information relates to Andy manufacturing Ltd. It is for the month ended 30th April 2021. Raw materials Direct Labor Factory rent Factory Power Factory Supervisor's salaries Indirect wages General administration expenses General Selling & Distribution expenses....$1,500 Transport charges Other direct expenses. Depreciation of motor van Depreciation of office building Commission to salesmen Audit fees Profit is 17% of total cost of sales Required i) Help management of Andy prepare a cost sheet (clearly showing Prime cost, Factory works, production cost, and total cost of sales. ii) Assuming 600 units were produced and sold, determine the cost per unit. iii) Determine the sales revenue that was obtained at the end of the month. $3,000 $8,000 $1,500 $5,000 $2,000 $1,000 $4,000 ..$1,200 $1,000 ..$200 ..$150 $200 $300
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To prepare a cost sheet for Andy Manufacturing Ltd we need to categorize the costs into different se... View the full answer
Related Book For
Managerial Accounting
ISBN: 9781259275814
11th Canadian Edition
Authors: Ray H Garrison, Alan Webb, Theresa Libby
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