costing

Question 2 The management of Footprints Sdn Bhd is accounting year ended 30 June 2014. Listed as per Table 3 below is the relevant manufacturing report preparing its factory operational report for the Table 3. Manufacturing Report Footprints Sdn Bhd RM Stock as at 1/7/2013: . Direct Material Work in Progress .Finished Goods 21,400 9,880 17,530 Purchases 111,750 7,650 41,000 16,200 7,900 6,300 28,100 14,300 11,000 9,000 .Direct Material . Indirect Material Factory Machinery at cost Factory Equipment at cost Insurance Factory Rental Direct Labour Administrative Salary Maintenance Utilities Stock as at 30/6/2014 Direct Material .Work in Progress Finished Goods 9,700 5,400 12,300 Additional information i Insurance is split between administrative and factory on 30:70 ratio i Maintenance is divided on ratio of 20 80 between administrative and factory 20:80 between administrative and factony nual depreciation for factory machinery and equipment are each at 10% and 15%. The company has to pay a manufacturing tax of RMO.20 for each unit produced. In this period, the company has produced 32,000 units. Required: (a) Prepare Cost of Manufacturing Statement as at 30th June 2014. (b) Illustrate the summary of Costing. (15 marks)