Please help me for solving this question of cost accounting subject as soon as possible 10 41 AM 190KB s 3 March, 2021 10 38 Vol 4G LTE 89 Q1 Prepare a cost sheet from the following Opening stock of raw materials Raw materials purchased Sale of wastage of materials 5000 50,000 200 Productive wages Direct expenses Unproductive wages Estimating 20,000 2000 10,500 800 Workers' welfare and canteen expenses Bank Interest 1500 1200 Expenses of capital issues 10,000 Godown expenses 1000 Expenses of Branch establishments 500 Depreciation 2000 Carriage inward on materials purchased (not included in the cost of materials) 1250 Carriage outwards 750 Consumable stores Audit fees 2000 250 Expenses of sales office 1100 Wages of delivery vans 2000 Municipal taxes in respect of factory 500 Printing and stationary 225 Cost of training new workers 2300 Motive power 4500 Bad debts 100 Advertising Legal expenses 300 500 Rent of warehouse Bank charges Commission on sales 300 50 1500 Loose tools written off 600 Water supply Discount on sales 1200 200

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 15, 2024

Please help me for solving this question of cost accounting subject as soon as possible. 10:41 AM | 190KB/s <3 March, 2021 10:38 Vol 4G

Please help me for solving this question of cost accounting subject as soon as possible.

10:41 AM | 190KB/s

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

Recommended Textbook for

Financial Accounting and Reporting a Global Perspective

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

4th edition

978-1408066621, 1408066629, 1408076861, 978-1408076866

More Books

Students also viewed these Accounting questions

Question

Course Title :- Essential Freight Forwarding EFF Please answer your client's question about this LC? 1) Who is the advising bank? 2) Who is the issuing bank? 3) Can importer cancel this LC? 4) Can...

Answered: 1 week ago

Question

★★★★★

Consider a coupon bond with face value M = 100 and time to maturity n = 2. The bond is puttable at par at time 1. Assume an OAS of 0.10%. Calculate the coupon C such that the puttable bond trades at...

Answered: 1 week ago

Question

★★★★★

Find the natural frequency of the system shown in figure 2.1 P. With and without spring at the mid span of the elastic beam. a M - b- {k Fig. 2.1 P. m

Answered: 1 week ago

Question

★★★★★

August 8, 2019, was a grim day at the San Francisco headquarters of Uber, the global leader in ride-hailing companies. That day it announced a staggering loss of $5.2 billion in just the previous 3...

Answered: 1 week ago

Question

★★★★★

Twenty corporations were asked whether or not they provide retirement benefits to their employees. Fourteen of the corporations said they do provide retirement benefits to their employees, and 6 said...

Answered: 1 week ago

Question

★★★★★

Referring to Problem 5.29, assume that the steel bar is placed inside the cup with its long axis vertical. Will the cup float stably? In Problem A light foam cup similar to a disposable coffee cup...

Answered: 1 week ago

Question

★★★★★

What neurotransmitters are involved in the various forms of mental illness?

Answered: 1 week ago

Question

★★★★★

Perform a vertical analysis of the balance sheets and income statements for Great Oaks Furniture. Are there any major changes between 2011 and 2012? Indicate what could have led to the changes you...

Answered: 1 week ago

Question

★★★★★

Exercise 13-1 How would each of the following items be reported on the balance sheet? Reported on Item (a) Accrued vacation pay. (b) Estimated taxes payable. (c) Service warranties on appliance...

Answered: 1 week ago

Question

★★★★★

Create Strategic Asset Allocation for the hypothetical investor Your first client is Jim and Karla Sanders who are 25 and 22, respectively. Jim and Karla have been married for two years and have a...

Answered: 1 week ago

Question

★★★★★

Prepare a prediction for monthly sales tax collections for the next fiscal year for this local government (October 2008 to September 2009). What assumptions are being made when developing this...

Answered: 1 week ago

Question

★★★★★

1)Breakeven point: Algebraic and graphicalFine Leather Enterprises sells its single product for $129.00 per unit. The firm's fixed operating costs are $473,000 annually, and its variable operating...

Answered: 1 week ago

Question

★★★★★

13. Jose is 35 years old, and makes $40,000 per year. If he dies, how much would the beneficiaries of his life insurance policy receive if they can get by on 75% of his income?

Answered: 1 week ago

Question

★★★★★

Cookie Business In this project, you will be opening your own specialty cookie company to see how product costing methods and changes in production affect business decisions. You will be creating a...

Answered: 1 week ago

Question

★★★★★

The probability of event "A" is 50%. The probability of event "B" is 20%. "A" and "B" are two independent events. What is the probability of observing "A" and "B"?

Answered: 1 week ago

Question

★★★★★

Some statements are not considered hearsay because these statements are not being offered to prove the truth of the matter asserted in the statements. Thus, you must always ask yourself what is being...

Answered: 1 week ago

Question

★★★★★

Cash flows C1 Project A -$150 60 Project B -$150 75 60 75 C2 C3 60 75 CA 60 a. If the opportunity cost of capital is 10%, which of these two projects would you accept (A, B, or both)? b. Suppose that...

Answered: 1 week ago

Question

★★★★★

As you rewrite these sentences, replace the cliches and buzzwords with plain language (if you don't recognize any of these terms, you can find definitions online): a. Being a jack-of-all-trades, Dave...

Answered: 1 week ago

Question

★★★★★

=+b. Consider the following statement: There is a 95% chance that m is between 7.8 and 9.4. Is this statement correct? Why or why not?

Answered: 1 week ago

Question

★★★★★

=+9.35 Acrylic bone cement is sometimes used in hip and knee replacements to fix an artificial joint in place. The force required to break an acrylic bone cement bond was measured for six specimens...

Answered: 1 week ago

Question

★★★★★

=+c. Consider the following statement: If the process of selecting a sample of size 50 and then computing the corresponding 95% confidence interval is repeated 100 times, 95 of the resulting...

Answered: 1 week ago

Previous Question Next Question