Answered step by step

Verified Expert Solution

Link Copied!

Question

...

1 Approved Answer

Posted on Jul 13, 2024

B) Prepare a cost sheet using following information, calculating gross Profit: (10 Marks) Opening Stock Closing Stock Raw Material $8,000 $12000 Work in Process $12,000

B) Prepare a cost sheet using following information, calculating gross Profit: (10 Marks) Opening Stock Closing Stock Raw Material $8,000 $12000 Work in Process $12,000 $16,000 Finished Goods $22,000 $17,000 Purchases $171,000 Carriage In $3,200 Direct Labor $17,50 Factory Overheads $77,000 Administration Overheads S43.000 Selling and Distribution O/H $22,800 Sales $475,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Governmental and Not for Profit Accounting

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

7th edition

978-0132776011

Students also viewed these Accounting questions

Question

Suppose that the probabilities of a customer purchasing 0, 1, or 2 books at a book store are 0.5, 0.3, and 0.2, respectively. What is the expected number of books a customer will purchase?

Answered: 1 week ago

Question

★★★★★

The Jonco Company is considering adding a new product to their line of kitchen gadgets. Jon has budgeted $70,000 for a marketing campaign. Jon anticipates a distribution cost of $5.00 on each unit....

Answered: 1 week ago

Question

★★★★★

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par...

Answered: 1 week ago

Question

★★★★★

Interpret the following: double (* ( * e[10]) (float &) )[6]; void * *a) ( float, double (*)()); int (* ( *a()) [] )); void ** (*a) (int&, char **(*(char *, char **)); float *( *( *array[2])())();...

Answered: 1 week ago

Question

★★★★★

state the current situation of Learnenow inc and describe the team's goals and the desired outcome should be?

Answered: 1 week ago

Question

★★★★★

A collector found a bone near a former Mayan territory. After careful research it has been determined that the bone lost about 8% of its Carbon-14. Approximately how old is the bone? Could it have...

Answered: 1 week ago

Question

★★★★★

Sweet Memories Inc (for Q11-13) Sweet Memories Inc is a company that produces Customized Family Portraits. Preparing a Family Portrait involves 3-steps: Collect the Images and Stories, Edit, and...

Answered: 1 week ago

Question

★★★★★

5. An outside manufacturer has offered to produce 86,000 Daks and ship them directly to Andretti's customers. If Andretti Company accepts this offer, the facilities that it uses to produce Daks would...

Answered: 1 week ago

Question

★★★★★

Howard is in the 33% tax bracket, so his after-tax profit is 67% of his before-tax profit. He invests $10,000 in a certain stock, whose annual return is normally distributed with mean 5% and standard...

Answered: 1 week ago

Previous Question Next Question