Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

cost account Its better if its a computer writing but if ita hand writing please clear font Questions: 1. What do those term mean Allocation

image text in transcribedcost account
Its better if its a computer writing but if ita hand writing please clear font
Questions: 1. What do those term mean Allocation and Apportionment? Explain in detail the difference between them, and the proposes of them (provide example) ?(2 marks) 2- Solve this problem by using the secondary distribution on direct the production departments, Ti SR 20,000, SR 18,000 T 2 and T 3 SR 25,000 ( 2 Marks) The cost of service department: Canteen 1500 Power house (lighting) 1200 Power house (power) 4000 Stores 3600 Time-keeping & accounts 3000 Repair shop 4500 Other information: T2 T3 No of employees 30 25 20 No of light points 6 8 10 Horse power of machines 300 200 300 No of requisitions 4000 3000 Value of assets (SR) 100000 150000 200000 3- Assuming that prices are ( rising, falling and inflation) would impact on the inventory under LIFO and FIFO? ( explain the effects on cost of goods sold and ending inventory ) (1 Mark) 5000 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Accounting and Auditing Research Tools and Strategies

Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana

9th edition

1119441915, 1119441919, 978-1-119-3737, 9781119373629 , 978-1119441915

More Books

Students also viewed these Accounting questions