Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q.2. From the following information prepare a statement of cost: Inventories Raw Materials Finished goods Opening (Tk) Closing (Tk) 10000 12500 9000 8500 Raw

image text in transcribed

Q.2. From the following information prepare a statement of cost: Inventories Raw Materials Finished goods Opening (Tk) Closing (Tk) 10000 12500 9000 8500 Raw materials purchased Tk 250500. Direct labour cost Tk 120000. Factory overhead was 60% of direct labour cost. Administrative cost 10% of work cost. Selling expenses Tk 25500. Profit 25% on total sales.

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

Recommended Textbook for

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

22nd Edition

324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844

Students also viewed these Accounting questions

Question

Find an equation of the given line. Slope is -2; x-intercept is -2

Answered: 1 week ago

Question

How are scheduling and productivity related? LO.1

Answered: 1 week ago

Question

Who needs to be involved in setting schedules? LO.1

Answered: 1 week ago