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was on equipment used in factory operations; the remaining $12,000 was on equipment used in selling and administrative activities. h. Manufacturing overhead cost was applied to jobs, $ _____. i. Goods that cost $675,000 to manufacture according to their job cost sheets were completed during the year. j. Sales for the year totaled $1,250,000.
Accounting:Material and Stores:Cost Sheet Preparation Direct wages 54,000. Direct expenses 12,000. Factory overheads 100 % of direct wages. Office and administrative overheads 20 % of works cost. Selling and distribution overheads 26,000. Cost of opening stock of finished goods 12,000. Cost of Closing stock of finished goods 15,000. Profit on cost 20 %. Solution:Cost Sheet
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Jul 01, 2021 · Qingdao runze intelligent equipment Co., Ltd., is located in Qingdao West Coast New District and was established in 2003. Specializing in sheet metal manufacturing, mold production, industrial automation equipment, automation pipelines, manipulator research and development and manufacturing, as well as software development, technical service outsourcing. Cost Sheet:Meaning, Format, Examples, Problems, Elements Cost Sheet Elements Prime Cost, Gross Factory, Cost of Production, Cost of Goods Sold, Cost of Sales and Profit (with Formula) Various elements of the cost sheet are given below:Element # 1. Prime Cost:Prime cost is the addition of all direct costs. It includes direct material cost, direct labour cost and other direct costs.
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