Alfa Co. a manufacturing firm produces a single product

Alfa Co. a manufacturing firm produces a single product. Alfa Co. a manufacturing firm produces a single product. Alfa  Co. a manufacturing firm produces a single product. The following information has been taken from the company’s production , sales and cost records for the just completed year.

 

Production in Units…………………………………………………29,000

Sales in Units……………………………………………………….    ?

Ending Finished Goods inventory in units…………………………     ?

Sales  ………………………………………………………  Rs 1,300,000

 

Costs:

Advertising ………………………………………………………105,000

Entertainment and Travel ………………………………………… 40,000

Direct labour……………………………………………………… 90,000

Indirect labour …………………………………………………….85,000

Raw Materials Purchased ………………………………………  480,000

 

Building Rent(Production uses 80% of the space, rest is

for Admin. and sales offices)…………………………………Rs40,000

Utilities, factory………………………………………………..108,000

Royalty paid for the use of production Rs 1.50/unit……………….?

Maintenance, factory ……………………………………………9,000

Rent for special production equipment Rs 87,000 per year

Plus Rs 0.30 per unit produced…………………………………….?

Selling and administrative salaries…………………………….210,000

Other FOH cost………………………………………………….6,800

Other Selling and Admin Expenses ……………………………17,000

Beginning of year                            End of year

Inventories;

Raw Material                                       Rs20,000                                         Rs30,000

WIP                                                         50,000                                             40,000

Finished Goods                                            0                                                     ?

The finished goods inventory is being carried at average unit production Cost for the year.

Selling price of the product is Rs 50.00 pre units.

 

Required:

1.      Prepare a schedule of Cost of Goods Manufactured.

2.      Prepare Income Statement for the year

For best quality essays, written from scratch, delivered on time, at affordable rates!

ORDER NOW

Among other benefits, we guarantee:

  • Essays written from scratch – 100% original,

  • Timely delivery,

  • Competitive prices and excellent quality,

  • 24/7 customer support,

  • Priority on customer’s privacy,

  • Unlimited free revisions upon request, and

  • Plagiarism free work

Alfa Co. a manufacturing firm produces a single product

Alfa Co. a manufacturing firm produces a single product

For a custom paper on the above or a related topic or instructions, place your order now!

What We Offer:

• Affordable Rates – (15 – 30% Discount on all orders above $50)
• 100% Free from Plagiarism
• Masters & Ph.D. Level Writers
• Money Back Guarantee
• 100% Privacy and Confidentiality
• Unlimited Revisions at no Extra Charges
• Guaranteed High-Quality Content