Please can i have answers On 31st March 2021, the following estimates were made:[Pada 31 Mac 2021, anggaran-anggaran berikut telah dilakukan:]40% of the rental is for factory use while the rest is for office use.[40% daripada sewaan diperuntukkan bagi kegunaan kilang, manakala selebihnya adalah peruntukan bagikegunaan pejabat.]a)b)30% of the management salaries is considered to be related to administrative duties whilethe rest is connected with the manufacturing activities.[30% daripada gaji pengurusan adalah diperuntukkan bagi kerja-kerja yang berkaitan dengan pentadbiranmanakala selebihnya adalah peruntukan bagi aktiviti pembuatan barangan.]1/2 of general expenses account is related to office purposes while the rest is formanufacturing.[1/2 daripada akaun perbelanjaan umum adalah berkaitan dengan tujuan pejabat manakala selebihnyaadalah bagi kegunaan pembuatan.]c)Required:[Dikehendaki:]Prepare a Statement of Cost of Production for the year ended 31 March 2021.[Sediakan Penyata Kos Pengeluaran bagi tahun berakhir 31 Mac 2021.]i.Prepare a Statement of Profit or Loss and Other Comprehensive Income for the yearended 31 March 2021.[Sediakan Penyata Untung atau Rugi dan Pendapatan Komprehensif Lain bagi tahun berakhir 31Mac 2021.]ii.iii.Prepare a Statement of Financial Position as at 31 March 2021.[Sediakan Penyata Kedudukan Kewangan pada 31 Mac 2021.] Question 2(Soalan 2]Raihana Manufacturer Sdn. Bhd, a local business involved in the manufacturing of waffles, hasthe following balances on 31 March 2021.[Raihana Manufacturer Sdn. Bhd., perniagaan tempatan yang terlibat dalam pembuatan wafer, mempunyai bakikewangan berakhir pada 31 Mac 2021 seperti berikut:]Name of AccountRMInventories on 1 April 2020Raw Materials35,000Work In ProgressRaw MaterialsFactory WagesFactory OverheadFinished Goods28,00054,000245,00020,000Inventories on 31 March 2021Raw Materials18,900Work In Progress:Raw Materials22,40048,000Factory WagesFactory OverheadFinished Goods264,00017,000Depreciation of MachineriesOils and LubricantsMachinery's Repair and MaintenanceFactory Wages83,4507,54023,230180,600Sales Return36,500Salesmen's CommissionsManagement SalariesAdministrative Expenses188,600235,00022,800RentalGeneral ExpenseLand and BuildingMachineries (Book Value)360,00030,000803,530245,800Purchase of Raw Materials985,500DrawingMortgage on Land and BuildingAccount ReceivablesAccount Payables3,400480,00044,75053,200Bank & Cash125,800Sales2,725,300500,000Capital, 1 April 2020

Financial statements are those statements which are prepared at the end of accounting period for the…

On 31st March 2021, the following estimates were made: [Pada 31 Mac 2021, anggaran-anggaran berikut telah dilakukan:] a) b) 40% of the rental is for factory use while the rest is for office use. [40% daripada sewaan diperuntukkan bagi kegunaan kilang, manakala selebihnya adalah peruntukan bagi kegunaan pejabat.] 30% of the management salaries is considered to be related to administrative duties while the rest is connected with the manufacturing activities. [30% daripada gaji pengurusan adalah diperuntukkan bagi kerja-kerja yang berkaitan dengan pentadbiran manakala selebihnya adalah peruntukan bagi aktiviti pembuatan barangan.] 1/2 of general expenses account is related to office purposes while the rest is for manufacturing. [1/2 daripada akaun perbelanjaan umum adalah berkaitan dengan tujuan pejabat manakala selebihnya adalah bagi kegunaan pembuatan.] Required: [Dikehendaki:] i. ii. iii. Prepare a Statement of Cost of Production for the year ended 31 March 2021. [Sediakan Penyata Kos Pengeluaran bagi tahun berakhir 31 Mac 2021.] Prepare a Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 March 2021. [Sediakan Penyata Untung atau Rugi dan Pendapatan Komprehensif Lain bagi tahun berakhir 31 Mac 2021.] Prepare a Statement of Financial Position as at 31 March 2021.

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 29P