Solution-Make the manufacturing account of ABC for the year

Make the manufacturing account of ABC for the year ended

Assignment Help Cost Accounting

Reference no: EM132754896

QUESTION - ABC is a manufacturer. The following balances were extracted from his books on December 2010.

RS.

Inventories (stocks) 1 January 2010:

Raw materials 14,700

Work in progress 23,570

Purchases of raw material 75,600

Direct factory wages 62,140

Factory Rent 28,000

Factory management salaries 31,500

Office salaries 41,600

Sundry office expenses 9,870

Carriage inwards 2,000

Purchase return 1,000

Factory heat and light 2,500

Additional information: Inventories (stock) 31 December 2010: RS.

Raw material 16,250

Work in progress 18,780

Required - Make the manufacturing account of ABC for the year ended 31 December 2010. Show clearly the cost of raw materials consumed, prime cost and cost of production?

Reference no: EM132754896

Questions Cloud

Find the journal entry to apply the factory overhead costs : A manufacturing company apply factory, actual direct labor hours were 52,400. The journal entry to apply the factory overhead costs for the year would include a

What is the predetermined overhead rate per direct labor : Actual manufacturing overhead costs incurred were $317,000, and actual direct labor hours were 54,900. What is the predetermined overhead rate per direct labor

What is the plausible theoretical framework : What is the plausible theoretical framework for the research title the role of self concept in job satisfaction and job stress management

What will be the impact on priyas break-even point : Discuss all important assumptions/criteria which must be considered in a decision like this (make a fully developed argument/recommendation).

Make the manufacturing account of ABC for the year ended : The following balances were extracted from his books on December 2010. Make the manufacturing account of ABC for the year ended 31 December 2010

How does the degree of operating leverage affect financial : How does the degree of operating leverage affect financial results? Why might a company want to decrease its operating leverage?

What is the amount of the discounts : Rainbow Inc.'s sales equal $200,000 each month. Rainbow generally permits credit purchases with terms of 3/10 net 30. Ten (10) percent of total sales are.

What is arquitectonica cost of capital : The firm intends to implement projects whose total NPV is €20. If the firm's tax rate is 38%, what is Arquitectónica's cost of capital?

Tendency to agree with statements presented in scales : Acquiescence response bias is "a tendency to agree with statements presented in scales, regardless of content" (Brace and Byford, p. 39).

User Account

All Pages

Make the manufacturing account of ABC for the year ended

Reference no: EM132754896

Reference no: EM132754896

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT