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Please help me to answer all the questions. Thank you. PART B Mazni Rusli is the Accounting Manager for Blue Bear Berhad's accounting department. She
Please help me to answer all the questions. Thank you.
PART B Mazni Rusli is the Accounting Manager for Blue Bear Berhad's accounting department. She has extracted a partial list of accounts and their balances for 2021 from the company's accounting records: Work-in-Process, 01 Jan Work-in-process, 31 Dec Raw Material, 01 Jan Raw Material, 31 Dec Finished Goods, 01 Jan Finished Goods, 31 Dec Factory Labour - Direct Factory Labour - Indirect Supplies - Production Supplies - Administration Utilities - Production Utilities - Administration Depreciation - Factory Machinery Depreciation - Office Equipment Rent - Factory Rent - Office Raw Material Purchases Sales Revenue Sports Utility Wear (SUW) Division Sweatpants Sports-tops TOTAL RM RM RM 0 0 0 15,390 20,880 36,270 0 0 0 3,150 2.520 5,670 0 0 0 10,260 20,880 31,140 13,200 21,600 34,800 600 450 1,050 600 600 1,200 600 6,000 6,000 12,000 6,000 6,000 7,200 13,200 3,000 18,000 18,000 36,000 18,000 14,700 12,600 27,300 1,425,600 4,665,600 6,091,200 As the cost analyst for the company, you are assigned to assist Mazni in drafting the management accounting reports to be shared with the Operations Manager, Tanjiro Kamado, before the meeting on the SUW expansion plan. The SUV division controller has provided you with additional production information for 2021: 1. Overhead is charged to each product line on the basis of direct labour hours (DLH). 2. Total estimated annual overhead costs for the SUW Division were at RM60,000. 3. Estimated DLH for each product in 2021 were 2,000 DLH for sweatpants and 3,000 DLH for sports-tops. Continued.... You have also extracted the following inventory records from the inventory planning system (BIPS) for your reference: Sports-tops 1,080 Units Completed Units Sold Unit Cost Sweatpants 480 360 RM85.50 TOTAL 1,560 1080 720 RM58.00 Time tickets for 2021 records the actual direct labour hours (DLH) worked in SUW as: Sweatpants Sports-tops Direct Labour Hours (DLH) 2,640 4,320 Required: Assuming no adjustments were made for any under- or overapplied overheads, prepare the following information for the Operations Manager's reference: (1) Cost of Goods Manufactured (by product line) (14 marks) Cost of Goods Sold (by product line) (5 marks) (iii) Net Income Show for each product line AND in total. (5 marks) (iv) Gross Profit Margin (by product line) (1 mark) [TOTAL 25 MARKSStep by Step Solution
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