MANUFACTURING ACCOUNTS (10 Marks) Meno and Allied Lud manufactures false teeth and tooth filling that are used by dentist to replace and refill rotten and uprooted Additional information 1. Water and power, heat and light, and rent and rates are to be apportioned in the proportion factory to office 2:1 2. Salaries and wages prepaid is Sh.200 m and printing and stationery accrued amounts 5h.400m 3. Depreciation on plant and machinery is 25% reducing, and depreciation on furniture and fittings 10% straight line 4. Depreciation on motor vehicle 20% straight line and apportioned to factory and office in the ratio of 3:1 5. I 6. Provision tor daa deots 2%. 7. Taxation rate at 30% Required a) Manufacturing account b) Income Statement c) The Statement of Financial position. MANUFACTURING ACCOUNTS (10 Marks) Meno and Allied Lud manufactures false teeth and tooth filling that are used by dentist to replace and refill rotten and uprooted Additional information 1. Water and power, heat and light, and rent and rates are to be apportioned in the proportion factory to office 2:1 2. Salaries and wages prepaid is Sh.200 m and printing and stationery accrued amounts 5h.400m 3. Depreciation on plant and machinery is 25% reducing, and depreciation on furniture and fittings 10% straight line 4. Depreciation on motor vehicle 20% straight line and apportioned to factory and office in the ratio of 3:1 5. I 6. Provision tor daa deots 2%. 7. Taxation rate at 30% Required a) Manufacturing account b) Income Statement c) The Statement of Financial position