Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 1.2 From the following information for the month of January, prepare a cost sheet to show the following components : (a) Prime Cost, (b)

image text in transcribed

Problem 1.2 From the following information for the month of January, prepare a cost sheet to show the following components : (a) Prime Cost, (b) Factory Cost, (c) Cost of Production, (d) Total Cost. Direct material 57,000 Direct wages 28,500 Factory rent and rates 2,500 Office rent and rates 500 Plant repairs and maintenance 1,000 Plant depreciation 1,250 Factory heating and lighting 400 Factory manager's salary 2,000 Office salaries 1,600 Director's remuneration 1,500 Telephone and postage 200 Printing and stationery 100 Legal charges 150 Advertisement 1.500 Salesmen's salaries 2,500 Showroom rent 500 Sales 1,16,000

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_2

Step: 3

blur-text-image_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

Using Financial Accounting

Authors: Carl S. Warren, Jeff Jones, Amanda Farmer

1st Edition

0357507851, 9780357507858

More Books

Students also viewed these Accounting questions

Question

Describe the contributions of Keller and Marion Breland.

Answered: 1 week ago