Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 The following data were extracted from the costing records of Bersatu Hati Production for September 2022. Salaries and wages Petrol and oil

image text in transcribed

Question 2 The following data were extracted from the costing records of Bersatu Hati Production for September 2022. Salaries and wages Petrol and oil Insurance General expenses Raw material purchases Returns of defective raw materials Rental cost of special machine Additional information: i. Salaries and wages consist of: RM 250,000 11,308 21,400 93,460 79,020 4,020 5,000 60% production workers RM60,000-production supervisors RM9,520 - Office administration Petrol and oil must be divided between production and administration departments in the ratio of 6:4. ii. iii. Insurance includes RM10,500 for the sales office. iv. General expenses - 35% for production, 65 % for non-production departments. Required: a) Compute prime cost and production overhead. b) Calculate the total product cost and period cost. 4

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

Cornerstones of Financial and Managerial Accounting

Authors: Rich Jones, Mowen, Hansen, Heitger

1st Edition

9780538751292, 324787359, 538751290, 978-0324787351

More Books

Students also viewed these Accounting questions