Question
Al-Manea Furniture Company uses the order costs system. The balance of production under operation at the beginning of the period reached 25,000 riyals, and this
Al-Manea Furniture Company uses the order costs system. The balance of production under operation at the beginning of the period reached 25,000 riyals, and this balance represents the cost of the order 95, and the total production balance on the same date 30000 riyals, which is the cost of order No. 94, and during the period the costs of direct materials and direct labor for orders As follows:
The cost of the materials spent from the stores for general use reached 3000 riyals, as the wages of production supervisors reached 2000 riyals, and other indirect industrial costs paid by check of 3,500 riyals and machine depreciation 1500 riyals. Orders are loaded with indirect industrial costs based on the percentage of direct wages, and at the beginning of the period, estimates of indirect industrial costs were 75,000 riyals and direct wages 150,000 riyals, the production of orders No. 95, 96 ended and were transferred to full production stores, and orders No. 94 were delivered, 95 to the customer.
QUESTIONS:
- Preparing a list of the costs of orders and determining the loading differences 2- Make the entries necessary to prove the previous operations (9 Entries). 3- present of the account under control of orders under operation 4- Determine the balance of the last period for complete orders without photographing the account
97 95 NO of the order Direct materials Direct labor 14000 8000 96 16000 6000 4000 4000 Total 34000 18000 97 95 NO of the order Direct materials Direct labor 14000 8000 96 16000 6000 4000 4000 Total 34000 18000Step by Step Solution
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