Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. (Preparing the Costs of Production Report with Process Costing). Pusi & Pussy Manufacturing Inc produce the Canned Cat Food with standardized packing in aluminum

image text in transcribed

1. (Preparing the Costs of Production Report with Process Costing). Pusi & Pussy Manufacturing Inc produce the Canned Cat Food" with standardized packing in aluminum can. The company's bookkeeper always erroneously compute the costs of production per can. Therefore, the GM asks you for help by preparing "The Costs of Production Report" under Process Costing method and by supplying him with necessary data for decision making. The following is the data provided to you for the month of November 2020: Units finished and transfered to warehouse for being ready to sell 910 cans Units of Work/Canned Cat Food in process at the end of the month 50 cans, at 80% completed of direct materials, and at 40% completed of conversion costs. Production Costs incurred during November 2020: -Direct materials Rp 66,500 - Direct labors Rp 23,250 -Factory overhead Rp 74,400 There is no beginning Work/Canned Food In Process in November. You're required to a. Prepare the costs of production report" under the process costing method. b. Prepare Costs of Goods Manufactured Statement for the month of November 2020. c. During month, the company has succesfully earned 120% gross profit of the production costs per can with 800 bottles of unit sold. Please prepare the Profit & Loss Statement for the month, while general & administrative costs and marketing costs for Rp 8,250 and Rp 5,160 respectively. Interest expense was Rp 5,400, and Income tax was 15% of Earnings Before Tax

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

Accounting Reform In Transition And Developing Economies

Authors: Robert W. McGee

1st Edition

0387257071, 9780387257075

More Books

Students also viewed these Accounting questions

Question

=+b) Create a p chart for these samples.

Answered: 1 week ago