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Answer ALL questions. QUESTION 1 The following information relates to Rocko Bhd. for the year ended 31 Dec 2020 was extracted from the company's records
Answer ALL questions. QUESTION 1 The following information relates to Rocko Bhd. for the year ended 31 Dec 2020 was extracted from the company's records . $'000 Sales 72,500 Depreciation Ofce Equipment 90 Utilities 4,3 00 Factory Rental 3,120 Prime Cost 30,850 Direct Materials purchases 28,500 Direct Materials, 1/1/20 350 Finished Goods, 1/1/20 950 Work in Process, 1/1/20 430 Direct Materials, 31/12/20 500 Work in Process, 3 1/12/20 520 Conversion Cost 11,075 Cost of Goods Sold 39,190 Depreciation Plant Equipment 1,700 Indirect labour 290 Direct labour ? Factory supervisor's salary ? Property taxes Ofce Building 20 Note : 25% of the utilities was for administration purposes. Required Determine the following (Show workings using a Cost of Goods Manufactured Schedule or other means) : (a) Direct Materials Used. (2 marks) (b) Direct Labour. (1 mark) (0) Factory supervisor's salary. (3 marks) (d) Cost of Good Manufactured. (1 mark) (e) Gross Prot. (1 mark)
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