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Question 2 KidsZone is a manufacturing Company in Jeddah. It produces toys in large quantities and supplies them to all shops in Riyadh and Jeddah.
Question 2 KidsZone is a manufacturing Company in Jeddah. It produces toys in large quantities and supplies them to all shops in Riyadh and Jeddah. The company monthly costs and expenses associated with its production are listed as follows: Factory maintenance's salaries Wages for assembly line workers Depreciation on factory machines Rent expenses Other miscellaneous materials used in factory Advertising expense Raw Material purchases Office equipment depreciation Net sales revenue Small tools used in toys production Utility expense Factory supervisor salary Delivery expense Marketing personnel salaries Raw materials inventory 1/1/2018 Finished goods inventory 1/10/2018 Work in process inventory 1/10/2018 Raw material inventory 31/1/2018 Finished goods inventory 31/1/2018 Work in process inventory 31/1/2018 $29,000 70.700 20,500 22.500 80:600 15,500 190,000 18,000 850,000 15,000 40,000 12,500 30,000 24,000 50,000 40,000 35,500 25,000 65,000 10,400 Additional information: a. 70% of the rent expense is for factory and the remaining is used for administration office b. Utility expense for factory usage is 60% and 40% for administration building
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