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The following is an extract from the list of accounts of a washing machine manufacturer: Cost codes Direct materials 100 - 1999 Direct labour 2000
The following is an extract from the list of accounts of a washing machine manufacturer: Cost codes Direct materials 100 - 1999 Direct labour 2000 - 2999 Direct expenses 3000 - 3999 Production overheads 4000 - 4999 Which TWO of the following are coded correctly? Code 1670: Cleaning materials Code 3020: Royalties for component used in manufactured product Code 2430: Wages of production department supervisor Code 2160: Wages of operatives who work on the product A shop has budgeted to make the following purchases from its suppliers: Month $ January 90,000 February 82,000 March 96,000 April 88,000 The shop budgets to pay for 75% of its purchases in the month of purchase, 20% in the month after purchase and 5% in the second month after purchase. What is the shop's budgeted payments figure for March
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