Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribedimage text in transcribed

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

blur-text-image

Get Instant Access to Expert-Tailored 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

Intermediate accounting

Authors: J. David Spiceland, James Sepe, Mark Nelson

7th edition

978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094

More Books

Students also viewed these Accounting questions

Question

Focus on three or four areas.

Answered: 1 week ago