Q # 1 The Following Trail Balance has been extracted from the books of ABC Company on December 31st, 2018: Descriptions Debit Descriptions Debit Rs. Rs. Cash 8,200 Notes Payable 3,200 Accounts Receivable 41,000 Accounts Payable 12,350 Notes Receivable 23,000 Taxes Payable 1,500 Material (1-1-2018) 31,800 Rent Payable 1,020 Work in Process (1-1-2018) 4,000 Dividend Payable 500 Finished Goods (1-1--2018) 11,700 Sales 35,000 Prepaid Insurance 200 Common Stock 10,000 Machinery & Equipment 93,500 Retained Earnings 34,570 Purchased of Material 16,000 Accumulated Depreciation 20,000 Carriage inward 520 Direct Labor 33,000 Indirect Material 8,520 Indirect Labor 5,580 Depreciation - Factory 5,400 Utility - Factory 6,500 Carriage outward 460 Advertising 175 Salesmen Salary 565 Foreman Salary 7,000 Administrative Cost 1,020 318,140 318,140 During the year 70,000 units have been produced. The Following Further information are also available: Inventories at December 31st, 2018 Rs. Material 3,520 Work in Process 2,500 Finished Goods 10,000 Note: The factory overhead cost applied at the rate of 100% of direct labor cost. The actual FOH cost incurred during the period Rs. 31,480. Required a) Statement of Cost of Goods Manufactured at December 31st, 2018. (Marks 5) b) Statement of Profit or Loss for the year ended December 31st, 2018. (Marks 5) Q # 2

XYZ Incorporation provides the following financial data for the month of July 2020: Beginning Inventories 'Rs.' Direct Material 12,000 WIP - Finished Goods - 1. Purchased material on accounts for Rs. 200,000 2. Defective material returned to supplier worth Rs. 5,000 3. Material and labor issued to job during the month Direct material Direct Labor Job # 101 40,000 65,000 Job # 102 50,000 80,000 Job # 103 30,000 50,000 Job # 104 25,000 40,000 Indirect 5,000 15,000 4. FOH rate is 120% of direct labor cost 5. Actual FOH cost incurred on account Rs. 250,000 Required a) Prepare journal entries to record the preceding transactions.

Q # 3

XYZ Equipment In. receives order from Shiraz Consultant Clinic on 15th August. The company started its production on 18th of August and completed in 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 505, the following data are available: Direct material Direct Labor FOH-Applied Date REQ. NO: Amount Rs. Date Hours Cost Rs. Rs. 30 for each direct labor hours 8/18 400 4000 8/18 30 600 ? 8/19 600 6000 8/19 40 800 8/25 1000 10000 8/21 35 700 Total 20000 8/23 50 1000 8/25 60 1200 Total 4300 Other Information: 1. Total Sales are 30% above cost. 2. Marketing and selling expenses Rs. 1000 3. Administrative expenses 1500. Required Enter the appropriate information on a job order cost sheet.

I need this 3 question answer immediately thanks

Q # 2 (5 Marks) XYZ Incorporation provides the following financial data for the month of July 2020: Beginning Inventories 'Rs.' Direct Material 12,000 WIP - Finished Goods - 1. Purchased material on accounts for Rs. 200,000 2. Defective material returned to supplier worth Rs. 5,000 3. Material and labor issued to job during the month Direct material Direct Labor Job # 101 40,000 65,000 Job # 102 50,000 80,000 Job # 103 30,000 50,000 Job # 104 25,000 40,000 Indirect 5,000 15,000 4. FOH rate is 120% of direct labor cost 5. Actual FOH cost incurred on account Rs. 250,000 Required a) Prepare journal entries to record the preceding transactions.

Leave it question no one plz do it question num 2 or 3 as you wish

Q # 1 The Following Trail Balance has been extracted from the books of ABC Company on December 31st, 2018: Descriptions Debit Descriptions Debit Rs. Rs. Cash 8,200 Notes Payable 3,200 Accounts Receivable 41,000 Accounts Payable 12,350 Notes Receivable 23,000 Taxes Payable 1,500 Material (1-1-2018) 31,800 Rent Payable 1,020 Work in Process (1-1-2018) 4,000 Dividend Payable 500 Finished Goods (1-1--2018) 11,700 Sales 135000 Prepaid Insurance 200 Common Stock 110000 Machinery & Equipment 93,500 Retained Earnings 34,570 Purchased of Material 16,000 Accumulated Depreciation 20,000 Carriage inward 520 Direct Labor 33,000 Indirect Material 8,520 Indirect Labor 5,580 Depreciation - Factory 5,400 Utility - Factory 6,500 Carriage outward 460 Advertising 175 Salesmen Salary 565 Foreman Salary 7,000 Administrative Cost 1,020 318,140 318,140 During the year 70,000 units have been produced. The Following Further information are also available: Inventories at December 31st, 2018 Rs. Material 3,520 Work in Process 2,500 Finished Goods 10,000 Note: The factory overhead cost applied at the rate of 100% of direct labor cost. The actual FOH cost incurred during the period Rs. 31,480. Required a) Statement of Cost of Goods Manufactured at December 31st, 2018. (Marks 5) b) Statement of Profit or Loss for the year ended December 31st, 2018. (Marks 5)

Now check values is correct

Q#1 The Following Trail Balance has been extracted from the books of ABC Company on December 31st, 2018: Debit Descriptions Descriptions Rs Debit Rs Cash 3.200 Accounts Receivable 12.350 Notes Receivable Material (1-1-2018) 8.200 Notes Payable 41.000 Accounts Payable 23,000 Taxes Payable 31,800 Rent Payable 4,000 Dividend Payable 11.700 Sales 1,500 1,020 500 Work in Process (1-1-2018) Finished Goods (1-1--2018) Prepaid Insurance 35.000 200 Common Stock 10.000 93,500 Retained Earnings 34.570 Machinery & Equipment Purchased of Material Carriage inward 16,000 Accumulated Depreciation 20.000 520 Direct Labor 33.000 Indirect Material 8,520 Indirect Labor 5,580 Depreciation - Factory 5.400 Utility - Factory 6.500 Carriage outward 460 Advertising 175 Salesmen Salary 565 Foreman Salary 7,000 Administrative Cost 1,020 318,140 318,140 During the year 70,000 units have been produced. The following Further information are also available: Inventories at December 31st, 2018 Rs. Material 3,520 Work in Process 2,500 Finished Goods 10,000 Note: The factory overhead cost applied at the rate of 100% of direct labor cost. The actual FOH cost incurred during the period Rs. 31,480. Required a) Statement of Cost of Goods Manufactured at December 31st, 2018. (Marks 5) b) Statement of Profit or Loss for the year ended December 31st, 2018. (Marks 5) Q#2 (5 Marks) XYZ Incorporation provides the following financial data for the month of July 2020: Beginning Inventories 'Rs.' Direct Material 12.000 WIP Finished Goods 1. Purchased material on accounts for Rs. 200,000 2. Defective material returned to supplier worth Rs. 5,000 3. Material and labor issued to job during the month Direct Labor Direct material Job # 101 40,000 65,000 Job # 102 50,000 80,000 Job # 103 30,000 50,000 Job # 104 25,000 40,000 Indirect 5.000 15,000 4. FOH rate is 120% of direct labor cost 5. Actual FOH cost incurred on account Rs. 250,000 Required a) Prepare journal entries to record the preceding transactions. Q # 3 (5 Marks) XYZ Equipment In receives order from Shiraz Consultant Clinic on 15th August. The company started its production on 18th of August and completed in 25th of August. The company collects its cost and revenue data by the job order cost accumulation procedure. For job number 505, the following data are available: Direct material Direct Labor FOH-Applied Date Date Hours Rs. 30 for each direct labor hours ? 8/18 8/19 8/25 REQ NO: 400 600 1000 Total Amount Rs. 4000 6000 10000 20000 8/18 8/19 8/21 8/23 8/25 30 40 35 50 60 Total Cost Rs. 600 800 700 1000 1200 4300 Other Information: 1. Total Sales are 30% above cost. 2. Marketing and selling expenses Rs. 1000 3. Administrative expenses 1500. Required Enter the appropriate information on a job order cost sheet. Q# 2 (5 Marks) XYZ Incorporation provides the following financial data for the month of July 2020: Beginning Inventories 'Rs. Direct Material WIP Finished Goods 12.000 1. Purchased material on accounts for Rs. 200,000 2. Defective material returned to supplier worth Rs. 5,000 3. Material and labor issued to job during the month Direct material Direct Labor Job # 101 40,000 65,000 Job # 102 50,000 80,000 Job # 103 30,000 50,000 Job # 104 25,000 40,000 Indirect 5,000 15,000 4. FOH rate is 120% of direct labor cost 5. Actual FOH cost incurred on account Rs. 250,000 Required a) Prepare joumal entries to record the preceding transactions. Q#1 The Following Trail Balance has been extracted from the books of ABC Company on December 31st, 2018: Debit Rs. 3,200 12.350 1,500 1,020 500 135000 110000 34,570 20,000 Descriptions Cash Accounts Receivable Notes Receivable Material (1-1-2018) Work in Process (1-1-2018) Finished Goods (1-1--2018) Prepaid Insurance Machinery & Equipment Purchased of Material Carriage inward Direct Labor Indirect Material Indirect Labor Depreciation - Factory Utility - Factory Carriage outward Advertising Salesmen Salary Foreman Salary Administrative Cost Debit Descriptions Rs. 8.200 Notes Payable 41,000 Accounts Payable 23.000 Taxes Payable 31,800 Rent Payable 4,000 Dividend Payable 11,700 Sales 200 Common Stock 93,500 Retained Earnings 16,000 Accumulated Depreciation 520 33.000 8,520 5.580 5,400 6,500 460 175 565 7,000 1,020 318,140 318,140 During the year 70,000 units have been produced. The Following Further information are also available: Inventories at December 31st, 2018 Rs. Material 3,520 Work in Process 2,500 Finished Goods 10,000 Note: The factory overhead cost applied at the rate of 100% of direct labor cost. The actual FOH cost incurred during the period Rs. 31,480. Required a) Statement of Cost of Goods Manufactured at December 31st, 2018. (Marks 5) b) Statement of Profit or Loss for the year ended December 31st, 2018. (Marks 5)