Question
In the enterprise, which does not have semi-finished product stock at the beginning and end of the period, 8,000 tons of production was made during
In the enterprise, which does not have semi-finished product stock at the beginning and end of the period, 8,000 tons of production was made during the period. Actual production expenses for the period: direct raw material and material expenses 150.000TL, direct labor expenses 110.000TL, general production expenses 140.000TL (variable 40.000TL, fixed 100.000TL), marketing sales and distribution expenses 20.000TL (variable 12.000TL, fixed 8.000 TL), general administrative expenses are 10.000 TL. 4.000 tons of products were sold at a unit price of 70 TL. Prepare the firm's cost of sales statement and income statement in line with the full cost method.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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