Prepare statement of cost production and stetement of comprehensive income 16:46 *l O OCTSha.pdfagai jenis pelanggan industri, mempunyai baki-baki berikut yang diekstrak dari bukunyaC020.)Name of AccountRMWIP - Raw materials, 1 January 2020WIP - Factory wages, 1 January 2020WIP - Factory overhead, 1 January 2020Raw materials, 1 January 2020Raw materials purchasesTransportation of raw materials14,63018,33021,66036,700251,3408,3409,600Custom duties on raw materials3,500285,43012,340Insurance on raw materialsFactory wagesGroup accident insurance on factory workersDepreciation of plant and factory machinery48,0005,700Oils and lubricantsFactory supervisor's wagesFactory cleaner's wagesFactory security's staff salariesFactory repairs and maintenanceFactory insurance expenseSales returns30,40012,30018,6009,5608,40023,00075,380Finished goods, 1 January 2020Advertising expense37,630Salesmen's commissions35,480Salesmen's salariesSelling expensesOffice wages & salariesOffice insurance expense64,57011,22073,5805,8703,500Depreciation of office furnitureDiscounts allowed22,46032,760Bad debts expenseRent expensesManager's salaryUtilities180,00099,00040,80044,000Depreciation of motor vehiclesGeneral expensesPilferage of raw materialsReturns of raw materials22,5001,4005,6002,854,200SalesDiscount received23,46015,000Interest on fixed deposits 16:47 *l 90CTSha.pdfSULIT(BFT106)-10-Additional information:(Maklumat tambahan:]On 31 December 2020, the following estimates were made:[Pada 31 Disember 2020, anggaran-anggaran berikut telah dibuat:](i)Rent – two-thirds of the rent is for the factory while the rest is for the office.(Sewa - dua pertiga daripada sewa adalah untuk kilang sementara selebihnya untuk pejabat.](ii) Manager's salary – one-third is for the factory while the rest is for the office.[Gaji pengurus - satu pertiga adalah untuk kilang sementara selebihnya untuk pejabat.](iii) Utilities – RM4,800 of the utilities is estimated to be for the office use.[Utiliti - RM4,800 utiliti dianggarkan untuk kegunaan pejabat.)(iv) Depreciation of motor vehicles – RM36,000 of this considered to be for use by the factorand the rest for the office,(Susut nilai kenderaan bermotor - RM36,000 ini dianggap digunakan oleh faktor tersebut dan selebihnyauntuk pejabat.J(v) General expense - one-third of the amount is considered to be for office use while therest is for use in the factory.[Perbelanjaan umumsatu pertiga daripada jumlah tersebut dianggap untuk kegunaan pejabatsementara selebihnya digunakan untuk kilang.)(vi) Inventory of raw materials – RM15,420.[Inventori bahan mentah - RM15,420.(vii) WIP, raw materials – RM13,690.(WIP, bahan mentah - RM13,690.](viii) WIP, factory wages – RM16,320.(WIP, upah kilang - RM16,320.)(ix) WIP, factory overhead – RM28,850.(WIP, overhed kilang - RM28,850.J(x) Inventory of finished goods was valued at RM95,000.[Inventori barang siap dinilai pada RM95,000.J..11/-SULIT

Name: Prepare statement of cost production and stetement of comprehensive in
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Description: Prepare statement of cost production and stetement of comprehensive income 16:46 *l O OCTSha.pdfagai jenis pelanggan industri, mempunyai baki-baki berikut yang diekstrak dari bukunyaC020.)Name of AccountRMWIP - Raw materials, 1 January 2020WIP - Fact

Statement of cost of production states about the total cost of goods manufactured during the period.…

Business

Accounting

Name of Account RM 14,630 WIP - Raw materials, 1 January 2020 WIP - Factory wages, 1 January 2020 WIP - Factory overhead, 1 January 2020 Raw materials, 1 January 2020 Raw materials purchases Transportation of raw materials Custom duties on raw materials Insurance on raw materials Factory wages Group accident insurance on factory workers Depreciation of plant and factory machinery Oils and lubricants Factory supervisor's wages Factory cleaner's wages Factory security's staff salaries Factory repairs and maintenance Factory insurance expense 18,330 21,660 36,700 251,340 8,340 9,600 3,500 285,430 12,340 48,000 5,700 30,400 12,300 18,600 9,560 8,400 Sales returns 23,000 75,380 37,630 Finished goods, 1 January 2020 Advertising expense Salesmen's commissions Salesmen's salaries Selling expenses Office wages & salaries Office insurance expense Depreciation of office furniture Discounts allowed Bad debts expense Rent expenses Manager's salary Utilities Depreciation of motor vehicles General expenses Pilferage of raw materials Returns of raw materials Sales 35,480 64,570 11,220 73,580 5,870 3,500 22,460 32,760 180,000 99,000 40,800 44,000 22,500 1,400 Discount received Interest on fixed deposits 5,600 2,854,200 23,460 15,000

Name of Account RM 14,630 WIP - Raw materials, 1 January 2020 WIP - Factory wages, 1 January 2020 WIP - Factory overhead, 1 January 2020 Raw materials, 1 January 2020 Raw materials purchases Transportation of raw materials Custom duties on raw materials Insurance on raw materials Factory wages Group accident insurance on factory workers Depreciation of plant and factory machinery Oils and lubricants Factory supervisor's wages Factory cleaner's wages Factory security's staff salaries Factory repairs and maintenance Factory insurance expense 18,330 21,660 36,700 251,340 8,340 9,600 3,500 285,430 12,340 48,000 5,700 30,400 12,300 18,600 9,560 8,400 Sales returns 23,000 75,380 37,630 Finished goods, 1 January 2020 Advertising expense Salesmen's commissions Salesmen's salaries Selling expenses Office wages & salaries Office insurance expense Depreciation of office furniture Discounts allowed Bad debts expense Rent expenses Manager's salary Utilities Depreciation of motor vehicles General expenses Pilferage of raw materials Returns of raw materials Sales 35,480 64,570 11,220 73,580 5,870 3,500 22,460 32,760 180,000 99,000 40,800 44,000 22,500 1,400 Discount received Interest on fixed deposits 5,600 2,854,200 23,460 15,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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