Scribd Logo
Upload

Welcome to Scribd!

  • 4 views

    The Manuf. Acc

    Uploaded by

    arsalanali.acca

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    The Manuf. Acc

    Uploaded by

    arsalanali.acca
    4 views14 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    4 views14 pages

    The Manuf. Acc

    Uploaded by

    arsalanali.acca

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 14

    MANUFACTURING ACCOOUNT

    DESCRIPTION AMOUNT TOTAL AMOUNT

    OPENING INVT OF WIP $ 16,000 16000


    DIRECT GOODS :
    OPENING INVT OF RAW MATERIAL $ 11,000
    PURCHASE OF RAW MATERIAL $ 256,000
    CLOSING INVT OR RAW MATERIAL $ (17,000)
    $ 250,000
    DIRECT MANUFACTURING $ 203,080
    DIRECT FUEL AND POWER $ 91,000
    ROYALTY PAYABLE $ 4,000
    $ 298,080 $ 548,080
    INDIRECT GOODS :
    FACTORY HEAT AND LIGHT $ 4,500
    FACTORY RENT $ 3,000
    FACTORY BSUPERVISORS $ 13,325
    $ 20,825 $ 20,825
    CLOSING INVT OF WIP $ (18,000)
    COST OF FG $ 566,905

    SOPL

    SALES $ 800,290
    RETURN INWARDS $ (420) $ 799,870
    OPENING INVT OF FG $ 20,090
    PURCHASES -FG $ 566,905
    CLOSING INVT OF FG $ (18,040)
    $ 568,955 $ (568,955)
    GROSS PROFIT $ 230,915

    ADMINISTRATION EXP $ 14,500


    SELL AND DIST COST $ 25,286
    $ (39,786)
    NET PROFIT $ 191,129
    NT

    PRIME COST

    PRODUCTION COST
    MANUFACTURING ACCOUNT

    DESCRIPTION AMOUNTS TOTAL AMOUNTS


    OPENING WIP $ 2,000
    DIRECT GOODS
    OPENING INVT OF RM $ 10,000
    PURCHASES OF RM $ 50,000
    CLOSING INVT OF RM $ (11,000)
    $ 49,000 $ 49,000
    DIRECT WAGES $ 40,000
    ROYALITIES $ 3,000
    $ 43,000
    INDIRECT GOODS
    PRODUCTION OVERHEAD $ 60,000
    $ 60,000
    CLOSING WIP $ (4,000)
    TOTAL COST FG $ 150,000
    TYU 3
    The factor cost of goods completed will decrease

    TYU 4
    Decrease the factor cost of goods completed
    TYU 5

    OPENING WIP $ 6,200


    PRIME COST $ 56,000
    FACTORY OVERHEAD $ 4,500
    CLOSING WIP $ (9,700) $ 57,000
    FACTORY COST OF GOOD COMPLETED $ 57,000

    TYU 6
    DIRECT FACTORY COST

    TYU 7
    2001 2000
    DIRECT GOODS
    OPENING COST OF RM $ 45,000
    PURCHASES OF RM $ 150,000
    CLOSING COST OF RM $ (75,000)
    INDIRECT GOODS $ 120,000

    MANUFACTURING WAGES $ 50,000

    PRIME COST OF PRODUCYION $ 170,000


    MANUFACTURING ACCOUNT

    DESCRIPTION AMOUNT TOTAL


    OPENING WIP $ 425 $ 425
    DIRECT COSTS :
    OPENING INVT OF RM $ 175
    PURCHASE OF RM $ 650
    carraige inwards $ 40
    purchase return $ (60)
    CLOSING INVT OF RM $ (147)
    $ 658
    INDIRECT COSTS
    MANUFACTURING OF LABOUR COST $ 200
    FACTORY SUPERVISORS LABOUR COST $ 75
    HEATING AND LIGHTING $ 144
    RENT AND INSURANCE $ 80
    ACC DEP OF MACHINERY $ 100
    ACC DEP OF VEHICLES
    $ 599
    CLOSING OF WIP $ (392)
    $ 1,290
    MANUFACTURING ACCOUNT
    DESCRIPTION AMOUNT TOTAL
    OPENING WIP $ 425 $ 425
    DIRECT COSTS
    OPENING RM $ 175
    PURCHASING RM $ 650
    CLOSING RM $ (147)
    $ 678
    PURCHASE RETURN $ (60)
    CARRAIGE INWARDS $ 40
    MANUFACTURING LABOUR COST $ 200
    INDERECT COSTS $ 180
    FACTORY SUPERVISORS LAB COSTS $ 75
    HEATING AND LIGHTING $ 144
    RENT & INSURAN $ 80
    ACC DEP OF FAC MACHINERY $ 100
    ACC DEP OF VEHICLE
    $ 399
    CLOSING WIP $ (392)
    COST OF MANUFACTURED FB $ 1,290

    SOPL
    AMOUNT TOTAL
    SALES $ 2,200
    SALE RETURN $ (80) $ 2,120
    COS :
    OPENING BAL OF FG $ 115
    MANUFACTURED FG $ 1,290
    CLOSING BAL OF FG $ (138)
    $ 1,267 $ (1,267)
    GROSS PROFIT $ 853
    OTHER EXPENSES :
    CARRIAGE OUTWARD $ 100
    OFFICE SALARIES $ 108
    HEAT & LIGHT $ 36
    RENT & INSURAN $ 20
    ACC DEP OF VEHICLE $ 40
    OFFICE MACHINEY 10
    $ 314 $ (314)
    NET PROFIT $ 539
    MANUFACTURED

    DESCRIPTION AMOUNT TOTAL


    OPENING WIP $ 4,000 $ 4,000
    DIRECT COSTS :
    OPENING INVT OF RM $ 20,000
    PURCHASES OF RM $ 100,000
    CLOSSING INVT OF RM $ (22,000) $ 98,000
    DIRECGT WAGES $ 80,000

    $ 80,000
    PRIME COST $ 178,000
    INDIRECT COSTS :
    PRODUCTION OVERHEADS $ 120,000 $ 120,000
    CLOSING WIP $ (8,000)
    COST OF GOOD MANUFACTURED $ 294,000
    S NO ANSWERS
    153 (D) FACTORY COST OF GOODS WILL INCREASE

    154 ©PRIME COST

    155 (D) DIRECT FACTORY COSTS

    156 (B) COST OF AN EXTENSSION


    153
    1
    DIRECT COST
    INCREASSE IN INVT OF RM $ (1,700)
    PURCHASES OF RM $ 56,000

    DIRECT WAGES $ 21,000


    CARRAIGE INWARDS $ 2,500
    PRODUCTION OVERHEAD $ 14,000
    DECREASE IN WIP $ 5,000
    $ 96,800

    2
    © Raw Material consumed , direct wages and direct expenses

    You might also like