Reference no: EM132984882
Question - The following data relate to XYZ ltd
Inventories
Beginning (Nu.) Ending (Nu.)
Finished goods 1,10,000 95,000
Work in progress 70,000 80,000
Raw materials 90,000 95,000
Additional information:
Cost of goods available for sale 6,84,000
Total goods processed during the period 6,54,000
Factory overheads 1,67,000
Direct material used 1,93,000
Requirements -
i. Determine the raw material purchased.
ii. Determine the direct labor cost incurred.
iii. Determine the cost of goods sold.
iv. Analyze your findings in most suitable way.
|
How much is the total tax payable before salary sacrifice
: Adam and Sarah are married and have two children. How much is the total tax payable before salary sacrifice arrangement
|
|
What the amount and direction increase of the periods
: What the amount and direction increase or decrease of the periods change in total assets is? If total liabilities decrease by 46,000 during a period of time
|
|
Indicate the account name and the amount
: For each item, indicate the account name and the amount to be included as a current liability on Electrical's balance sheet prepared at 30 June 2020
|
|
Find what profit or loss would security brokers incur
: The out-of-pocket expenses incurred by Security, What profit would Security Brokers incur if the issue were sold to the public at the $5.25 average price?
|
|
Determine the raw material purchased
: The following data relate to XYZ ltd - Total goods processed during the period 6,54,000. Determine the raw material purchased
|
|
Give the journal entry on july to record the receipt
: On July 12, $ 50 of goods are returned for credit. Give the journal entry on July 19 to record the receipt of the balance due within the discount period
|
|
Compute towson company net cash flows
: Determine Towson Company's Net Cash Flows from Operating Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets.
|
|
Prepare the consolidation worksheet entries on June
: This plant was carried at $3,000 (original cost $20,000) in the records of Brand Ltd at time of sale. Prepare the consolidation worksheet entries on 30 June
|
|
What are the tax consequences of the sale
: Beta sold its delivery truck, its only Class 10 asset, for $4,000. The original cost of the truck was $18,000. What are the tax consequences of the sale
|