AutoSave O Off ) A Previous Murdoch Mid-term test Q - Compatibility Mode . Saved to this PC LO Susan Rachel Matthews SR X File Home Insert Draw Design Layout References Mailings Review View Help PDFelement Comments Share The following data refer to Primrose Manufacturing Ltd for the current year: Sales revenue $2105 000 Raw material inventory, 1 January 89000 Purchases of raw material 731000 Raw material inventory, 31 December 59000 Direct labour cost incurred 474000 Selling and administrative expenses 269000 Indirect labour cost incurred 150000 Council rates 90000 Depreciation on factory building 125000 Income tax expense 25000 Indirect material used 45000 Depreciation on factory equipment 60000 Insurance on factory and equipment 40000 Electricity for factory 70000 Work in process inventory, 1 January Work in process inventory, 31 December 40000 Finished goods inventory, 1 January 35000 Finished goods inventory, 31 December 40000 Required 1 Schedule of cost of goods manufactured. (7 Marks) 2 Suppose Primrose Manufacturing had increased its production in the current year by 20 per cent. Would the direct material cost shown on the schedule have been larger or the same? Why? (2 Marks) 3 Answer the same question as in requirement 2 for depreciation on the factory building. ( 2 Marks) 4 Suppose that only half of the $60000 in depreciation on equipment was related to factory machinery, and the other half was related to selling and administrative equipment. How would this have changed the schedule of cost of goods manufactured? (4 Marks) (Total= 15 Marks) Page 1 of 1 6 words [ English (Singapore) Text Predictions: On TX Accessibility: Investigate Focus - + 80% M Start... ~ D ( 4) ENG 8:10 am Type here to search O W 26/5/2022