Please help me to solve this problem CONFIDENTIALQ1 (a)Logam Sdn. Bhd manufactures metal containers. The data relates to the period ending31 March 2022 are shown in Table Q1(a) below.Table Q1(a): Costs Information of Logam Sdn. Bhd for the Period Ending 31March 2022ItemsInventory, 1March 2021:Raw materialsWork in progressFinished goodsPurchases raw materialsFactory equipmentRepairs to factory equipmentBPA 11403Hire of special equipmentAssembly workers wagesIndirect raw materialIndirect labour wagesFactory rentDepreciation on factory equipmentFactory electricity and utilities expensesAdministration expenses(i)RMSelling and distribution expensesFactory insurance expensesInventory, 31 March 2022:Raw materialsWork in progressFinished goodsAll period cost are not allocated to the factory.Prepare:The manufacturing account for Logam Sdn Bhd at 31 March 2022.40,00015,00018,000350,00020,00050012,600170,9003,00012,00010,0004,0002,00041,60021,5001,50048,30026,10020,700(ii) The schedule of cost of goods sold for Logam Sdn Bhd for 31 March 2022.

The cost of goods manufacturing schedule is prepared for calculating the cost of producing products…

All period cost are not allocated to the factory. Prepare: (i) The manufacturing account for Logam Sdn Bhd at 31 March 2022. (ii) The schedule of cost of goods sold for Logam Sdn Bhd for 31 March 2022.

All period cost are not allocated to the factory. Prepare: (i) The manufacturing account for Logam Sdn Bhd at 31 March 2022. (ii) The schedule of cost of goods sold for Logam Sdn Bhd for 31 March 2022.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 1CE: Thomas Corporation produces heating units. The following values apply for a part used in their...

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Thomas Corporation produces heating units. The following values apply for a part used in their production (purchased from external suppliers): D = 12,500 Q = 250 P = 45 C = 4.50 Required: 1. For Thomas, calculate the ordering cost, the carrying cost, and the total cost associated with an order size of 250 units. 2. Calculate the EOQ and its associated ordering cost, carrying cost, and total cost. Compare and comment on the EOQ relative to the current order quantity. 3. What if Thomas enters into an exclusive supplier agreement with one supplier who will supply all of the demands with smaller, more frequent orders? Under this arrangement, the ordering cost is reduced to 0.45 per order. Calculate the new EOQ and comment on the implications.
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