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a. b. Compare and contrast in your own words, cost accounting and financial accounting. Elaborate your answer. (5 marks) Non-manufacturing costs refer to the cost
a. b. Compare and contrast in your own words, cost accounting and financial accounting. Elaborate your answer. (5 marks) Non-manufacturing costs refer to the cost outside the factory or production department. List the following non-manufacturing costs according to their functions: Selling, Distribution or Administrative costs. i. Executive salary ii. Shipping cost iii. Petrol for delivery van iv. Audit fee v. Depreciation of office equipment vi. Postage cost vii. Advertising cost x. Office utilities (4 marks) c. Herry Leather Bhd produce a variety of leather products. Given below were costs incurred for the third quarter of 2021. RM Particulars Raw material costs Salary for production workers Salary for supervisors Advertisement expenses Depreciation of sewing machines and equipment Salesmen commission Administration costs Insurance expenses Designer's fee 5,500 7,500 7,200 400 500 900 6,200 1,500 800 Required: Classify and accumulate the above costs according to: i. Prime cost (2 marks) ii. Production cost (4 marks)
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