Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. each monthly straight sewing ltd manufacturers 100

Each monthly Straight Sewing Ltd manufacturers 100 sewing machines. The following table summarize the cost:...

60.1K

Verified Solution

Question

Accounting

Each monthly Straight Sewing Ltd manufacturers 100 sewing machines. The following table summarize the cost: 4,000 in materials Labour costs 5,000 Overhead production expenditures 5,000 (of which 2,000 is fixed costs) The firm sells each Sewing machines for 200.

(i) The Directors of Straight Sewing Ltd have requested that you determine the cost per unit of Sewing machine using both Marginal and absorption costing methods. (6 marks)

(ii) Prepare the profit or loss statement for the month using both methods.(4marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

As part of a heat treatment process, cylindrical, 304 stainless steel rods of 100-mm diameter are...

Mechanical Engineering
Q

ph t fy x 4 x y 0

Geometry
Q

Draw a normal curve with 55 and o 18 Label the mean and the inflection...

Statistics
Q

the Draw the function f x by dragging the blue points to the locations on...

Calculus
Q

Find the equation of the line described below Write the equation in slope intercept form...

Algebra
Q

Delta Diamonds uses a periodic inventory sistem. The company had five one- carat diamonds available...

Accounting
Q

*A companys Factory Overhead account shows total debits of $624,000 and total credits of $646,000...

Accounting
Q

4 2. A piece of equipment used in a manufacturing plant that costs 220,000 to...

Accounting
Q

Reader Inc purchased a machine costing $80,000 on January 3rd. The machine is expected to...

Accounting
Q

can u help me with this thank you! ...

Accounting
Q

Stacker Weight Loss currently pays an annual year-end dividend of $1.90 per share. It plans...

Finance
Q

Current Attempt in Progress At December 31, Sunland Company has total stockholders' equity of $3,320,000....

Accounting