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The following data from the just completed year are taken from the accounting records of Fatimah Company (in dollars): 1 23 Number of units
The following data from the just completed year are taken from the accounting records of Fatimah Company (in dollars): 1 23 Number of units sold (units) Selling Price (S/unit) 4 5 6 7 8 00 6 10 17 Variable selling expense per unit (S/unit) Total fixed selling expense ($) Variable administrative expense per unit (S/unit) Total fixed administrative expense (S) Direct labor cost (S) Manufacturing overhead applied to work in process (S) Actual manufacturing overhead cost($) 11 Indirect materials (S) 12 12 Purchases of materials during period (S) 20,000 45 5 30,000 3 43,000 66,000 Calculate in sheet "Overhead applied" 290,000 28.000 140,000 13 14 14 15 17 18 19 20 23 24 25 16162222222S Balances of Inventory accounts: Account Beginning balance Ending Balance ($) Raw Materials 5.000 9.000 Work in process 15.000 4,000 Finished goods 9.000 2,000 Instructions. Please prepare the following reports in the assigned tabs of the excel file: Sheet 1. Calculate POHR, overhead applied and under- or overapplied overhead Sheet 2. Prepare a schedule of cost of goods manufactured. Sheet 3. Prepare a schedule of cost of goods sold; Sheet 4. Prepare a traditional format income statement; Sheet 5. Prepare a contribution format income statement.
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