Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 06 May 2018 My Price 8.00

Abra Manufacturing Company

Abra Manufacturing Company had the following inventories on hand in June:
1st June 30th JuneRaw materials 5,000 6,000Work in progress 15,200 11,200Finished goods 15,000 9,000The following information relates to June operations:Materials purchased on account (excluding GST)
19,000
Materials requisitioned for productions: - Direct
18,000
- Indirect
2,000
20,000Total payroll incurred during June: - Direct labour
27,143
- Indirect labour
10,000
37,143
Overhead incurred (in addition to indirect material and indirect labour):
Zenith Business AcademyLevel 2, 55 Regent Street, Chippendale NSW 2008Telephone: 02 9318 8188, Fax: 02 9698 5201www.zba.nsw.edu.au, email: studentservices@zba.nsw.edu.auCRICOS Provider Code 02997M
V1.1 13/04/2017 Zenith Business Academy Pty Ltd – ABN 81 128 584 896 – RTO No 91423
17
- Depreciation of factory plant 3,600 - Factory insurance expired (previously pre-paid) 600 - Factory rent paid (excluding GST) 2,800
7,000
- Overhead is recovered at the rate of 70% of direct labour cost ($19000).- Production completed during the period was costed at $62000.- Goods costing $68000 were sold for $110000 excluding 10% GST.Required:a) Prepare relevant factory ledger accounts to reflect the above production cost flows.b) Manufacturing statement andc) Trading statement.

Answers

Maurice Tutor
(5)
Status NEW Posted 06 May 2018 06:05 PM My Price 8.00

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