The following information was provided by A-Top Limited on 31 December 2022. $ Raw materials Factory...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following information was provided by A-Top Limited on 31 December 2022. $ Raw materials Factory wages Finished goods Inventory 1 January 2022 Inventory on 31 December 2022 Purchases Factory water and electricity Factory general expenses Depreciation of factory machinery Work in progress Sales Direct Indirect Inventory 1 January 2022 Inventory 31 December 2022 Inventory 1 January 2022 Inventory 31 December 2022 Required Prepare the below for A-Top for the year ended 31 December 2022: (a) Schedule of cost of raw material consumed (b) Schedule of total direct costs (c) Schedule of total manufacturing overhead (d) Schedule of cost of goods manufactured 22,350 22,950 271,800 249,150 104,700 4,395 9,525 14,250 13,185 12,960 46,500 34,875 992,250 The following information was provided by A-Top Limited on 31 December 2022. $ Raw materials Factory wages Finished goods Inventory 1 January 2022 Inventory on 31 December 2022 Purchases Factory water and electricity Factory general expenses Depreciation of factory machinery Work in progress Sales Direct Indirect Inventory 1 January 2022 Inventory 31 December 2022 Inventory 1 January 2022 Inventory 31 December 2022 Required Prepare the below for A-Top for the year ended 31 December 2022: (a) Schedule of cost of raw material consumed (b) Schedule of total direct costs (c) Schedule of total manufacturing overhead (d) Schedule of cost of goods manufactured 22,350 22,950 271,800 249,150 104,700 4,395 9,525 14,250 13,185 12,960 46,500 34,875 992,250
Expert Answer:
Answer rating: 100% (QA)
SOLUTION To prepare the schedules requested for ATop Limited for the year ended 31 December 2022 we ... View the full answer
Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
Posted Date:
Students also viewed these accounting questions
-
The following information was provided by Hitchens widget store for July 31, 202X. They make two products: R2D2 & C3P0. Both items use 2 of the 3 listed materials: Nada, Yada, and Bozo. Presented...
-
Study the information given below and answer the following questions: (25 Marks) 1.1 Calculate the Payback Period of both machines (answers expressed in years, months and days). (5 marks) 1.2 Which...
-
Calculate Annes remuneration for 15 April 2022. INFORMATION The normal wage of Anne is R200 per hour and her normal working day comprises 9 hours. The standard production time for each employee is 10...
-
What approaches to recruitment can an employer adopt in order to create and project a positive public image?
-
Fine Shirt Company would like to know how many units of each of its products were sold to each customer during each year of the period 2012-2016. Starting with the file Shirt Orders.mdb from Example...
-
X is normally distributed with mean 50 and standard deviation 8. What value of X is such that only 8% of values are below it?
-
Assume the same facts as in SE 6 except that Sutton Hills purchased 80 percent of Winter Treats Corporation for $80,000. After the purchase, what would be the amount, if any, of the following...
-
Profitability analysis for two companies The following data show five items from the financial statements of two companies for a recent year (amounts in millions): aNet Income + [Interest Expense x...
-
what does the Do - to - list feature consist of ?
-
Prevosti Farms and Sugarhouse pays its employees according to their job classification. The following employees make up Sugarhouse's staff: Employee Number Name and Address Payroll information...
-
You are comparing the inventory turnover ratios of two retail companies, Company A and Company B, for the fiscal year 2023. Company Cost of Goods Sold (COGS) (in millions) Average Inventory (in...
-
What is the formula of Interest-Expense Ratio in Commercial Banking and Finance? Does it same as Interest Coverage Ratio?
-
SWOT Analysis Selected organization: Complete a SWOT analysis for your chosen company. Each analysis should be 75-100 words. Strengths Weaknesses Opportunities Threats
-
brief report answering the following questions. Define the service package of Menlo college. What is its strongest element? What is its weakest one? Some people tend to use the terms effectiveness...
-
What strategies can leaders employ to foster a culture of strategic agility, adaptability, and resilience within organizations, enabling them to navigate complex, turbulent environments, and...
-
Suppose I throw two fair dice. Let X be a random variable representing their sum. What is the PMF of X ?
-
Question 7 3 points Save Answer Verca Company earned residual income of $39505 during the year. The net profit was $152564 during the year and the cost of capital was 12.9 per cent. Compute the...
-
A bar of a steel alloy that exhibits the stress-strain behavior shown in Figure 6.22 is subjected to a tensile load; the specimen is 375 mm (14.8 in.) long and has a square cross section 5.5 mm (0.22...
-
The following are the statements of financial positions of Waterloo plc for the last two financial years ended on 30 September. Explanatory notes to the statement of financial positions are as...
-
S. Kee is a horse trainer. Prepare the accounting equation for S. Kee at 30 November 20X9 Breeding stock Stables Overdraft Amounts owed for feed Fencing posts Jeep Oil in tank Gates 100,000 90,000...
-
The following are the statements of financial positions of L. Tyler Ltd as at 31 May 20X0 and 31 May 20X1: 1. Non-current assets that cost 12,000 and had a book value of 7,500 were sold during the...
-
Compare investments with different cash flows and residual values (Learning Objectives 2, 4) Java Cafe is considering two possible expansion plans. Plan A is to open eight cafes at a cost of...
-
Evaluate an investment using all four methods (Learning Objectives 2, 4) Zippi manufactures motorized scooters in Oakland, California. The company is con sidering an expansion. The plan calls for a...
-
Retirement planning in two stages (Learning Objective 3) You are planning for an early retirement. You would like to retire at age 50 and have enough money saved to be able to draw $225,000 per year...
Study smarter with the SolutionInn App