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QUESTION 4) PLAS PLASTIC COMPANY The balances of Plas Plastik Company's calculations as of 31 December 20x6 are as follows: Lump-Loaded Overall Production Cost 6.300
QUESTION 4) PLAS PLASTIC COMPANY The balances of Plas Plastik Company's calculations as of 31 December 20x6 are as follows: Lump-Loaded Overall Production Cost 6.300 TL Cost of Goods Sold 14.000 TL Actual Overall Production Cost 7,000 TL Raw Material Stock 1.750 TL Finished Stock 4.900 TL Semi Finished Stock 2,800 TL The cost of finished products for the period was 13,300 TL, and the cost
QUESTION 4) PLAS PLASTIK iRKETI The balances of Plas Plastik Company's calculations as of 31 December 206 are as follows: The cost of finished products for the period was 13,300TL, and the cost of raw materials used during the period was 5,950TL. The cost of the purchased raw material is 6.650TL. General production costs are charged to production as 180% of direct labor costs. REQUIRED: Calculate the balances of raw materials, semi-finished products and finished goods stock accounts at the beginning of the period. (Based these calculations on the assumption that no adjustments have been made for under- or over-loaded RUMs.) stop.) QUESTION 5) KAVAK FROZEN FOOD COMPANY An order costing system is applied to Kavak Frozen Food Company. Information for March is as follows. As of March 1, the stock of semi-finished products is 43,750TL. The cost of purchased raw materials is 52.500TL, and the total cost of raw materials and indirect materials supplied to production is 38.500TL. 10.500 TL of this amount belongs to the auxiliary materials. The total labor amount for the month is 126.000TL, of which 42.000TL is indirect labor cost. The actual amount of other general production costs was realized as 147.000 TL. According to the practice in the enterprise, the general production costs are charged to production as 185% of the direct labor cost. The cost of finished products in March was 182,000 TL. Products with a cost of 266,000 TL during the month were sold with a 30% profit marginStep by Step Solution
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