Answer all the questions, QI. Al Noor LLC provided following information for May 2021 SON Particulars Metal AN 315 5900 30 Sood y Rent 4 Row Shader Plus prochen toys y Manager Salary Office Static 10 ore Mary Changes 13 hillit co vertise Salespene Sales loser 1300 100 3256 450 5500 3500 1 a. Prepare a Cost Sheet from the relevant information provided in Al Noor LLC (5 Marks) b. Explain Semi-Variable Overheads with relevant 4 examples. (2 Mark) Notice: Please should amount in 02. The Al Walid Company provided details for the three- Month period from August, September and October Omani There was no Opening stock for the month of August. Purchases rials done on 2 August 250 units @ 14 per unit, 8 August 175 units 16 per unit, 17 August 225 units @ 15 per unit, 25 August 300 units a 13 per unit, 30 August 150 Units @ 14 per unit and Isstaes were made on 10 August 260 units, 20 August 190 Units, 23 August 70 units, 27 August 250 units and 29 August 65 Units. Stock on 1" September 150 units OMR 22 per unit On September 4. Purchased 320 units OMR 30 September 12. Purchased 215 units OMR 35. September 15, Purchased 200 units OMR 40, September 28. Purchased 200 units OMR 47. September 5, Issued 225 Units, September 14, Issued 190 units, September 20, Issued 200 units, September 25, Issued 250 units, September 30, Issued 90 units. Stock on " October 130 units OMR 47 per unit and Purchases done on 5 October 200 units 52 per unit, 9 October 150 units 54 per unit, 17 October 225 units 53 per unit, 26 October 300 units @ 49 per unit and Issues were made on 7" October 225 units. 10 October 200 units and 19 October 150 units. a. Prepare stock register with Weighted Average Method for the Period of August. (5 Marks) b. Explain with suitable example, applicability of Simple Average Methods (2 Marks) Purchases done on 5 October 200 units @ 52 per unit, 9 October 150 units @54 per unit, 17 October 225 units @ 53 per unit, 26 October 300 units @ 49 per unit and Issues were made on 7h October 225 units, 10 October 200 units and 19 October 150 units. a. Prepare stock register with Weighted Average Method for the Period of August. (5 Marks) b. Explain with suitable example, applicability of Simple Average Methods (2 Marks) Q3. Al Safa provided following information. The three basic processes of garment production are cutting, sewing and pressing. According to the Labour department there are 5 sewing operator, 10 cutting operators and 8 pressing operators, the Standard rate per hour for operators is OMR 25. Normal rate per hour is OMR 30, Normal rate per unit is OMR 20. Working hours per day are 8 hours, Standard Output per hour is 120 units. Five Sewing workers Khalid, Rashid, Ahmed, Khamis and Nasir were engaged in the work and receives earnings by using Merrick Differential Piece Rate System. The Output is as follows Khalid 1,120 units, Rashid 600 units, Ahmed 875 units, Khamis 795 units and Nasir 940 units. a) Calculate the earnings of all the five workers of sewing operators ( 5 Marks) b) Identify which of the worker is getting the highest earnings among all. (1 Marks)
