Answered step by step
Verified Expert Solution
Question
1 Approved Answer
uired: Which basis does Intathakusa (Pty) Ltd apply for measuring wood tables input costs? Motivate your answer. Explain why the glue and sandpaper used in
uired: Which basis does Intathakusa (Pty) Ltd apply for measuring wood tables input costs? Motivate your answer. Explain why the glue and sandpaper used in the manufacturing of wood tables are not classified as direct materials. Calculate the number of units (i.e., tables) completed during the financial year ended on 31 March 2022. (3) (3) (2) Calculate, for each of the following, the quantities of purchases of direct materials for the year ended 31 March 2022. [8] 1.4.1 African Blackwood (wood) 1.4.2 African Walnut (wood) 1.4.3 Brass screws 1.4.4 Vanish Calculate, for each of the following, the cost of direct materials issued to production for the year ended 31 March 2022: (Round off unit prices to the nearest R1 where applicable) 1.5.1 African Blackwood (wood) 1.5.2 African Walnut (wood) 1.5.3 Brass screws 1.5.4 Vanish Calculate the over- or under-absorption of production overheads during the financial year that ended on 31 March 2022. Prepare a general journal entry to account for the over- or under-absorption of production overheads during the financial year that ended on 31 March 2022. Prepare a Statement of Cost of Goods Manufactured for the year ended 31 March 2022. Identify two internal and two external stakeholders of Intathakusa (Pty) Ltd. (2) (5) NNNN 222 * * (4) (2) (2) (2) (2) [10] (2%) (2%) (2%) (2%) (2) [39]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started