YANBU INDUSTRIAL COLLEGE ACCT212 - MANAGERIAL ACCOUNTING ASSIGNMENT #1 Question 1 Salma Sweet manufactures ice cream to be distributed around the restaurants in Yanbu. Some of its costs from the current year include- In addition, the following information is available at the end of the year 2. 40% of the insurance expenses is for factory building and the remaining for office building 3. Out of the total utilities expenses, 55% is allocated for factory building and the remaining for office building. 4. 60% of petrol/gasoline expenses is used in office buildings and the remaining amount is used in factory buildings, Required: a. Prepare a schedule of cost of goods manufactured for the company. b. Prepare the company income statement. P3-5A Morse Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2014 are as follows. 5 Instruction Prepare the production cost report for Morse Company for July 2014