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QUESTION 2 The following are information relating to costs incurred by Ladang Sdn Bhd for producing Product AB for October 2021: Cost item Flour 30
QUESTION 2 The following are information relating to costs incurred by Ladang Sdn Bhd for producing Product AB for October 2021: Cost item Flour 30 bags at RM40 per bag Sugar 18 bags of sugar at RM30 per bag Other direct materials RM1,600 Direct wages of production workers (2 workers) RM2,200 per worker Direct expenses RM1,900 Supervisor's salary RM3,200 per month Depreciation of machinery RM4,300 per month Administrative expenses RM8,000 per month Selling and distribution RM5,700 per month Finance charges RM3,700 per month Required: Illustrate a cost statement, showing clearly the prime cost, production cost and total cost for the month of October 2021. (Total: 10 marks)
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