The following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC: Manufacturing overhead RO 5,000 Selling & Distribution overhead RO 2,000 Direct material RO 10,000 Direct expenses RO 4,000 Administration overheads RO 1,000 Direct labor RO 3,000 Use the above information and answer 31 MCQ 31. Calculate the cost of sales that is incurred for Al Hood Manufacturing & Trading LLC. a.RO 23,000 b.RO 8,000 c.RO 22,000 d.RO 25,000

Q: The following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC:…

A: 1. Conversion cost  = Direct labor + Manufacturing overhead = 3000+5000 = RO 8000

Q: The following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC:…

A: Conversion costs = Direct labor + manufacturing overheads

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A: The following calculations are done in the records of Etona Company.

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A: Solution- Indirect labor 11700 Indirect material 9360 Factory repair and maintenance  910…

Q: The following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC:…

A: 1. Cost of production = Manufacturing overhead+ Direct material  + Direct expenses  + Direct labor…

Q: The following data are from the accounting records of Niles Castings for year 2 Units produced and…

A: The income statement is prepared to estimate the net income or loss incurred during the period.

Q: The following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC:…

A: Solution: Work Cost = Direct material + direct labor + Manufacturing overhead + direct expenses

Q: The following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC:…

A: Solution: Work cost = Direct materials + Direct labor + Direct expense  +Factory overhead

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A: Under (over) applied overhead = Actual overhead costs - Overhead applied to production

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A: In the above-mentioned question, it is given that, raw material is the Key factor or in other words,…

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A: Formula: Prime cost = Direct material + Direct labor + Direct expenses

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A: Hi student Since there are multiple questions, we will answer only first question.

Q: The following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC:…

A: Prime cost = Direct materials + Direct labour + Direct expenses                            =  RO…

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A: Solution:-a Calculation of total manufacturing costs as follows under:- Formula:- Total…

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A: Raw materials are the direct materials that are used in the direct production of goods. The raw…

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Q: he following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC:…

A: Conversion cost is cost that incurred to convert the raw materials to finished goods

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A: Solution: Overhead rate is the rate on the basis of which overhead is applied to production. The…

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A: Fixed manufacturing overhead costs = Total manufacturing verhead costs - variable manufacturing…

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A: predetermined overhead rate =  estimated overhead cost / estimated direct labor hours

Q: The following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC:…

A: Formula: Conversion cost = Manufacturing overhead + Direct labor

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A:

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A: 1. Machine hour rate =  total Volume related activity cost                           total  machine…

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A: The question is based on the concept of Cost Accounting.

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A: Overhead means indirect costs of manufacturing or selling of goods.

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A: Fixed manufacturing overhead costs = Total manufacturing overhead costs - variable manufacturing…

Q: Top Wood is a small manufacturing company currently making a single type of chair. The managing…

A: Fixed manufacturing overhead costs = Total manufacturing verhead costs - variable manufacturing…

Q: Top Wood is a small manufacturing company currently making a single type o chair. The managing…

A: Fixed manufacturing overhead costs = Total manufacturing overhead costs - variable manufacturing…

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.