Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please 100% correct within few minutes or else skip 11 Rs. 10,000 From the following particulars of Jackson and Company Ltd., prepare a cost sheet

image text in transcribed

Please 100% correct within few minutes or else skip 11 Rs. 10,000 From the following particulars of Jackson and Company Ltd., prepare a cost sheet for the month of December, 2011 : Stock on 1.12.11 Raw materials Work-in-progress (valued at prime cost) 8,000 Finished goods 6,000 Stock on 31.12.11 Raw materials 3,000 Work-in-progress (valued at prime cost) 2,000 Finished goods 1,000 Purchased of raw materials 75,000 Chargeable expenses 4,000 Abnormal loss of materials 5,000 Insurance of raw materials 7,000 Remuneration of technical directors 9,000 Internal transport cost 11,000 70,000 Factory wages Personnel department expenses 12,000 Depreciation of staff cars Cost of free after-sales service Insurance of finished goods Warehouse wages Sales Professional fees 6,500 Market research expenses Power and fuel Works canteen and welfare expenses 13,000 Depreciation of delivery van 1,500 3,500 2,500 4,500 3,00,000 7,500 20,000 8,500

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

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel

3rd Canadian Edition

0470836792, 978-0470836798

More Books

Students also viewed these Accounting questions