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From this information someone please make transactions and balance trial balance for both year 1 and 2. Salary 1 Candle Maker 1 Packaging Designer Sum
From this information someone please make transactions and balance trial balance for both year 1 and 2.
Salary 1 Candle Maker 1 Packaging Designer Sum PIT 1 Candle Makers 1 Packaging Designer sum Equipment Wick Trimmer Thermometer Double Boiler Scale Stiring Spoon sum Building Utilities Gas Water Electricity sum One candle Monthly (Year 1) $3.00 $2.00 $5.00 $150.00 $100.00 piece Monthly (Year 1) Monthly (Year 1) 2 2 2 2 4 $500.00 $45.00 $30.00 $50.00 Monthly (Year 1) $750.00 $500.00 $1,250.00 $1,800.00 $1,200.00 $3,000.00 cost of one piece Cost $12.00 $15.00 $50.00 $40.00 $5.00 $6,000.00 $540.00 $360.00 $600.00 $1,500.00 Year 1 Year 1 Year 1 Year 1 $9,000.00 $6,000.00 $15,000.00 Monthly (Year 2) $240.00 $180.00 $24.00 $30.00 $100.00 $80.00 $20.00 $254.00 Monthly (Year 2) Monthly (Year 2) $550.00 $55.00 $35.00 $60.00 One Candle $4.00 $3.00 $7.00 $2,880.00 $2,160.00 $5,040.00 Year 2 Year 2 $6,600.00 $660.00 $420.00 $720.00 $1,800.00 Year 2 Monthly (Year 2) Year 2 $1,200.00 $900.00 $2,100.00 $14,400.00 $10,800.00 $25,200.00 Cost of candles using Materials Wax Candle Glass Wicks Fragrance Packaging sum Labor cost candle maker package designer sum COGS Price (one candle) Income From Sales Gross Profit Monthly (Year 1) Year 1 One Candle(Year 2) Monthly (Year 2) Year 2 $2.21 $552.08 $6,625.00 $2.33 $700.00 $8,400.00 $2.08 $520.83 $6,250.00 $2.50 $750.00 $9,000.00 $0.33 0.533$ $1.00 $83.33 133.333$ $1,000.00 $1,600.00 $3,000.00 $18,475.00 $0.38 $0.60 $1.00 $115.00 $180.00 $300.00 $2,045.00 $1,380.00 $2,160.00 $3,600.00 $24,540.00 $250.00 $1,539.58 $6.16 $6.82 Monthly (Year 1) Year 1 Monthly (year 2) Year 2 $4.00 $3.00 $7.00 $1,200.00 $900.00 $2,100.00 $14,400.00 $10,800.00 $25,200.00 $13.82 $4,145.00 $49,740.00 Monthly (Year 2) Year 2 $18.00 $5,400.00 $64,800.00 $4.18 $1,255.00 $15,060.00 One Candle(Year 1) One candle (Year 1) Year 1 One Candle(Year 1) $3.00 $2.00 $5.00 $11.16 15 $15.00 $3.84 $750.00 $9,000.00 $500.00 $6,000.00 $1,250.00 $15,000.00 $2,789.58 $33,475.00 Year 2 18 Monthly (Year 1) Year 1 $3,750.00 $960.42 $45,000.00 $11,525.00 One Candle (year 2) One Candle(Year 2) Year 1 One Pack of Wax (KG) Candle from one pack of wax one candle, From one pack of wax will cost: Candle glass(piece) One candle glass Wooden wicks (piece) cost of wick used on one candle Fragrance(piece) fragrance ml (one) fragrance ml (all six) cost of 1 ml fragrance ml used on one candle cost of fragrance used on one candle packaging box(piece) cost of one box cost of one candle 4 24 $2.21 12 $2.08 60 $0.33 6 50 300 0.133$ 4 0.533$ 20 $1.00 $6.16 $53.00 $25.00 $20.00 40$ $20.00 Year 2 One Pack of Wax (KG) Candle from one pack of wax one candle, From one pack of wax will cost: Candle glass(piece) one candle glass Wooden wicks (piece) cost of wick used on one candle Fragrance(piece) fragrance ml (one) fragrance ml (all six) cost of 1 ml fragrance ml used on one candle cost of fragrance used on one candle box(piece) packaging cost of one box cost of one candle 4 24 $2.33 12 $2.50 60 $0.38 6 50 300 $0.15 4 $0.60 20 $1.00 $6.82 $56 $30 $23 $45 $20 Salary 1 Candle Maker 1 Packaging Designer Sum PIT 1 Candle Makers 1 Packaging Designer sum Equipment Wick Trimmer Thermometer Double Boiler Scale Stiring Spoon sum Building Utilities Gas Water Electricity sum One candle Monthly (Year 1) $3.00 $2.00 $5.00 $150.00 $100.00 piece Monthly (Year 1) Monthly (Year 1) 2 2 2 2 4 $500.00 $45.00 $30.00 $50.00 Monthly (Year 1) $750.00 $500.00 $1,250.00 $1,800.00 $1,200.00 $3,000.00 cost of one piece Cost $12.00 $15.00 $50.00 $40.00 $5.00 $6,000.00 $540.00 $360.00 $600.00 $1,500.00 Year 1 Year 1 Year 1 Year 1 $9,000.00 $6,000.00 $15,000.00 Monthly (Year 2) $240.00 $180.00 $24.00 $30.00 $100.00 $80.00 $20.00 $254.00 Monthly (Year 2) Monthly (Year 2) $550.00 $55.00 $35.00 $60.00 One Candle $4.00 $3.00 $7.00 $2,880.00 $2,160.00 $5,040.00 Year 2 Year 2 $6,600.00 $660.00 $420.00 $720.00 $1,800.00 Year 2 Monthly (Year 2) Year 2 $1,200.00 $900.00 $2,100.00 $14,400.00 $10,800.00 $25,200.00 Cost of candles using Materials Wax Candle Glass Wicks Fragrance Packaging sum Labor cost candle maker package designer sum COGS Price (one candle) Income From Sales Gross Profit Monthly (Year 1) Year 1 One Candle(Year 2) Monthly (Year 2) Year 2 $2.21 $552.08 $6,625.00 $2.33 $700.00 $8,400.00 $2.08 $520.83 $6,250.00 $2.50 $750.00 $9,000.00 $0.33 0.533$ $1.00 $83.33 133.333$ $1,000.00 $1,600.00 $3,000.00 $18,475.00 $0.38 $0.60 $1.00 $115.00 $180.00 $300.00 $2,045.00 $1,380.00 $2,160.00 $3,600.00 $24,540.00 $250.00 $1,539.58 $6.16 $6.82 Monthly (Year 1) Year 1 Monthly (year 2) Year 2 $4.00 $3.00 $7.00 $1,200.00 $900.00 $2,100.00 $14,400.00 $10,800.00 $25,200.00 $13.82 $4,145.00 $49,740.00 Monthly (Year 2) Year 2 $18.00 $5,400.00 $64,800.00 $4.18 $1,255.00 $15,060.00 One Candle(Year 1) One candle (Year 1) Year 1 One Candle(Year 1) $3.00 $2.00 $5.00 $11.16 15 $15.00 $3.84 $750.00 $9,000.00 $500.00 $6,000.00 $1,250.00 $15,000.00 $2,789.58 $33,475.00 Year 2 18 Monthly (Year 1) Year 1 $3,750.00 $960.42 $45,000.00 $11,525.00 One Candle (year 2) One Candle(Year 2) Year 1 One Pack of Wax (KG) Candle from one pack of wax one candle, From one pack of wax will cost: Candle glass(piece) One candle glass Wooden wicks (piece) cost of wick used on one candle Fragrance(piece) fragrance ml (one) fragrance ml (all six) cost of 1 ml fragrance ml used on one candle cost of fragrance used on one candle packaging box(piece) cost of one box cost of one candle 4 24 $2.21 12 $2.08 60 $0.33 6 50 300 0.133$ 4 0.533$ 20 $1.00 $6.16 $53.00 $25.00 $20.00 40$ $20.00 Year 2 One Pack of Wax (KG) Candle from one pack of wax one candle, From one pack of wax will cost: Candle glass(piece) one candle glass Wooden wicks (piece) cost of wick used on one candle Fragrance(piece) fragrance ml (one) fragrance ml (all six) cost of 1 ml fragrance ml used on one candle cost of fragrance used on one candle box(piece) packaging cost of one box cost of one candle 4 24 $2.33 12 $2.50 60 $0.38 6 50 300 $0.15 4 $0.60 20 $1.00 $6.82 $56 $30 $23 $45 $20Step by Step Solution
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