HW 16 Particulars
در رد
Salary less oprating capense Gand A) 1,00.000 Sales revenue
Commission s and on
Insurance G and a
Following is the trial balance of Shri Mai Company as on Ashadh 31,2077:
Debit (Rs.)
Particulars
60,000 Share capital
Beginning inventory
2,50,000 Bank loan
Purchases
1,00,000 Sales revenue
70,000 Retained eamings
18,000 Accounts payable
15,000 Dividend received
1,70,000
Bank balance
Accounts receivable
80,000
Plant and machinery
1,20,000
Goodwill
30,000
Other fixed assets
1,70,000
Total
10,83,000 Total
HW 18
Additional information:
Ending inventory of Rs.50,000
Salary dues of Rs.5,000
Depreciate plant and machinery by 10%
Income tax rate is 30%
.
Required: a) Multi-step income statement
b) Balance sheet
[Ans.: NIAT Rs. 26,600, RE Rs.75,600; BS BS​

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows. direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow. fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

Which of the following best describes the advantage of living in a suburban area? a. suburbs give people access to city jobs along with more living space. b. suburbs give people easy access to cultural attractions and high-paying jobs. c. suburbs have the widest availability of low-cost housing of any living area. d. suburbs have the lowest population density of any living area.