Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 1 The PC Works assembles custom computers from components supplied by various manufacturers. The account clerk for PC Works list down the costs incurred
Question 1 The PC Works assembles custom computers from components supplied by various manufacturers. The account clerk for PC Works list down the costs incurred during year 2018 in their cost sheet analysis. She is planning to classify the cost into the relevant cost classifications. RM 1,580,000 60,000 140,000 The cost of hard drive installed in a computer The cost of advertising in the Puget Sound Computer User newspaper Depreciation on equipment used to test assembled computers before releasing to customers. The wages of employees who assemble computers from components Indirect labour: wages The wages of the assembly shop's supervisor. 495,000 100,000 56,000 85,000 120,000 78,000 38,000 Other manufacturing overheads Overtime for employees assemble computers. Indirect labour: overtime Cost of idle time: assemble computer employees The wages of company accountant Rental of office space for sales personnel Sales commissions computer promotion expenses 230,000 25,000 10,000 13,000 3,030,000 Total Required: Calculate each of the following costs for 2018: (a) Total prime costs. (4 marks) (b) Total manufacturing overhead costs. (7 marks) (C) Total conversion costs. (4 marks) (d) Total product costs (4 marks) (e) Total period costs. (6 marks) (Total 25 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started