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Question 2 Belian Sdn Bhd developed the folloving standard unit costs at 100% of its normal production capacity, which is 50,000 units per year: RM 6 3 Direct materials Direct labour Variable factory overhead Fbred factory overhead The seling price of each unit of product is RM25. Variable commercial expenses are RM1 per unt sold and foxed commercial expenses total RM180,000 for the period. During the year, 49.000 units were produced and 52.000 units were sold There is no work in process, beginning or ending inventories, and finished goods inventory is maintained at standard cost, which has not changed from the preceding year. For the current year, there is a net unfavorable variable cost variance in the amount of RM2.000. All standard cost variances are charged to cost of goods sold at the end of the period.

Question 2 Belian Sdn Bhd developed the folloving standard unit costs at 100% of its normal production capacity, which is 50,000 units per year: RM 6 3 Direct materials Direct labour Variable factory overhead Fbred factory overhead The seling price of each unit of product is RM25. Variable commercial expenses are RM1 per unt sold and foxed commercial expenses total RM180,000 for the period. During the year, 49.000 units were produced and 52.000 units were sold There is no work in process, beginning or ending inventories, and finished goods inventory is maintained at standard cost, which has not changed from the preceding year. For the current year, there is a net unfavorable variable cost variance in the amount of RM2.000. All standard cost variances are charged to cost of goods sold at the end of the period.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter11: Performance Evaluation And Decentralization
Section: Chapter Questions
Problem 47P: (Appendix 11A) Cycle Time, Velocity, Conversion Cost The theoretical cycle time for a product is 30...
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Question 2 Belian Sdn Bhd developed the following standard unit costs at 100% of its normal production capacity, which is 50,000 units per year: RM Direct materials Direct labour Variable factory overhead Fixed factory overhead 3 15 The selling price of each unit of product is RM25. Variable commercial expenses are RM1 per unit sold, and fixed commercial expenses total RM180,000 for the period, During the year, 49.000 units were produced and 52.000 units were sold. There is no work in process, beginning or ending inventories, and finished goods inventory is maintained at standard cost which has not changed from the preceding year. For the aurrent year, there is a net unfavorable variable cost variance in the amount of RM2.000. Áll standard cost variances are charged to cost of goods sold at the end of the period. Required : a) Prepare a comprehensive income statement on the absorption costing basis. b) Prepare a comprehensive income statement on the direct costing basis co31
Transcribed Image Text:Question 2 Belian Sdn Bhd developed the following standard unit costs at 100% of its normal production capacity, which is 50,000 units per year: RM Direct materials Direct labour Variable factory overhead Fixed factory overhead 3 15 The selling price of each unit of product is RM25. Variable commercial expenses are RM1 per unit sold, and fixed commercial expenses total RM180,000 for the period, During the year, 49.000 units were produced and 52.000 units were sold. There is no work in process, beginning or ending inventories, and finished goods inventory is maintained at standard cost which has not changed from the preceding year. For the aurrent year, there is a net unfavorable variable cost variance in the amount of RM2.000. Áll standard cost variances are charged to cost of goods sold at the end of the period. Required : a) Prepare a comprehensive income statement on the absorption costing basis. b) Prepare a comprehensive income statement on the direct costing basis co31
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