b) Maju Jaya Berhad is a furniture factory. It produces 1,000 sets of tables and chairs.Below is the information related to the production?CostRM10,000AdvertisingMachine Maintenance3,000Factory Insurance6,000Direct Material135,000Depreciation (Factory Equipment)300,000Depreciation (Office Equipment)6,0002,500General Office SuppliesFactory Utilities15,000Director's remuneration60,000Direct labour240,000Factory Supervisory Salary48,000Office Employees' Salaries20,000You are required to:Prepare a cost statement that shows prime cost, production cost and total cost.

Cost sheet is a method of allocating total costs into different categories. It helps to identify the…

b) Maju Jaya Berhad is a furniture factory. It produces 1,000 sets of tables and chairs. Below is the information related to the production? Cost RM 10,000 Advertising Machine Maintenance 3,000 Factory Insurance 6,000 Direct Material 135,000 Depreciation (Factory Equipment) 300,000 Depreciation (Office Equipment) 6,000 General Office Supplies 2,500 Factory Utilities 15,000 Director's remuneration 60,000 Direct labour 240,000 Factory Supervisory Salary 48,000 Office Employees' Salaries 20,000 You are required to: Prepare a cost statement that shows prime cost, production cost and total cost.

b) Maju Jaya Berhad is a furniture factory. It produces 1,000 sets of tables and chairs. Below is the information related to the production? Cost RM 10,000 Advertising Machine Maintenance 3,000 Factory Insurance 6,000 Direct Material 135,000 Depreciation (Factory Equipment) 300,000 Depreciation (Office Equipment) 6,000 General Office Supplies 2,500 Factory Utilities 15,000 Director's remuneration 60,000 Direct labour 240,000 Factory Supervisory Salary 48,000 Office Employees' Salaries 20,000 You are required to: Prepare a cost statement that shows prime cost, production cost and total cost.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EB: Roper Furniture manufactures office furniture and tracks cost data across their process. The...

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