Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Q1. Al Noor LLC provided following information for May 2021. Sr. No. Particulars Amount 60000 1 Material 31500 5500 3500 4000 4250 3400 5000 4600

image text in transcribed
Q1. Al Noor LLC provided following information for May 2021. Sr. No. Particulars Amount 60000 1 Material 31500 5500 3500 4000 4250 3400 5000 4600 2 Wages 3 Factory Rent 4 Office Rent 5 Plant repair and maintenance 6 Plant Depreciation 7 Factory Heating 8 Factory Manager Salary 9 Office Salaries 10 Office Manager Salary 11 Internet Charges 12 Office light bill paid 13 Legal Fees 14 Advertisement 15 Salesmen Incentive 16 Sales Expenses 17 Sales to customer 4500 3200 3100 3150 4500 5500 3500 119000 a. Prepare a Cost Sheet from the relevant information provided in Al Noor LLC (5 Marks) b. Explain Semi-Variable Overheads with relevant 4 examples. (2 Mark)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions