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Q1 2. (a) (b) BPA11403 Anova Vehicle Sdn. Bhd. is a supplier for national car manufacturer. The company's accounts balances for the financial year
Q1 2. (a) (b) BPA11403 Anova Vehicle Sdn. Bhd. is a supplier for national car manufacturer. The company's accounts balances for the financial year ended 31 December 2013 are as follows: RM Advertising expense 80,000 Depreciation on factory machine 165,000 Direct labour 742,500 Factory supplies used 8,970 Factory utilities expense 30,820 Indirect labour 297,000 Insurance expense 52,800 Purchase of direct materials 585,000 Rent expense 475,200 Salaries expense 103,500 Sales 4,220,000 Taxes on factory 41,400 Utilities expense 92,400 Additional information: 2202 1. Beginning and ending inventories are as follows: Beginning Ending (RM) (RM) Direct material 74,800 125,400 Work in process 26,400 33,000 Finished goods 297,000 364,320 The allocation of expenses for the factory and office is as follows: Factory Office Insurance expense 55% 45% Rent expense 60% 40% Utilities expense 75% 25% Prepare the statement of cost of goods manufactured of Anova Vehicle Sdn Bhd for the year ended 31 December 2013. (12 marks) Prepare the income statement of Anova Vehicle Sdn Bhd for the year ended 31 December 2013. 2 (8 marks)
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