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    Acc GP

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    Muhammad Syahmi
    The document contains information about product costs, period costs, direct labor costs, conversion costs, manufacturing costs, indirect manufacturing costs, and direct costs for a company. It provides details of direct materials, direct labor, manufacturing overhead, and total costs. It also lists period costs such as advertising, administrative expenses, and salaries. Conversion cost is calculated as direct labor plus manufacturing overhead cost. Manufacturing cost includes direct materials, direct labor, and manufacturing overhead.

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    Acc GP

    Uploaded by

    Muhammad Syahmi
    20 views4 pages
    The document contains information about product costs, period costs, direct labor costs, conversion costs, manufacturing costs, indirect manufacturing costs, and direct costs for a company. It provides details of direct materials, direct labor, manufacturing overhead, and total costs. It also lists period costs such as advertising, administrative expenses, and salaries. Conversion cost is calculated as direct labor plus manufacturing overhead cost. Manufacturing cost includes direct materials, direct labor, and manufacturing overhead.

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    The document contains information about product costs, period costs, direct labor costs, conversion costs, manufacturing costs, indirect manufacturing costs, and direct costs for a company. It provides details of direct materials, direct labor, manufacturing overhead, and total costs. It also lists period costs such as advertising, administrative expenses, and salaries. Conversion cost is calculated as direct labor plus manufacturing overhead cost. Manufacturing cost includes direct materials, direct labor, and manufacturing overhead.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    20 views4 pages

    Acc GP

    Uploaded by

    Muhammad Syahmi
    The document contains information about product costs, period costs, direct labor costs, conversion costs, manufacturing costs, indirect manufacturing costs, and direct costs for a company. It provides details of direct materials, direct labor, manufacturing overhead, and total costs. It also lists period costs such as advertising, administrative expenses, and salaries. Conversion cost is calculated as direct labor plus manufacturing overhead cost. Manufacturing cost includes direct materials, direct labor, and manufacturing overhead.

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    Question 1

    a) PRODUCT COST
    DIRECT MATERIALS RM
    Beginning direct material 3,400
    (+) Direct material purchases 39,000
    (-) Ending direct materials (3,800)
    Total 38,600

    PRODUCT COST RM
    Direct materials 38,600
    Direct labour 74,280
    Manufacturing overhead 60,000
    Total 172,880

    b)PERIOD COST
    PERIOD COST RM
    Advertising 5,000
    Administrative expenses 8,575
    Salary supervisor 3,000
    Total 16,575
    Question 5
    a) Direct labour cost

    360 000 = Rm 90 000


    4

    PRIME COST RM
    Direct labour 15,000
    Direct materials 75,000
    Total 90,000

    Direct labour = prime cost – direct material


    = RM90,000 – RM75,000
    = RM15,000

    b) Conversion cost = 360 000

    CONVERSION COST RM
    Direct labour 15,000
    Manufacturing overhead cost 345,000
    Total 360,000

    Manufacturing overhead cost = conversion cost – direct labour


    = RM360,000 – RM15,000
    = RM345,000

    c) PRODUCT COST

    PRODUCT COST RM
    Direct materials 75,000
    Direct labour 15,000
    Manufacturing overhead cost 345,000
    Total 435,000
    QUESTION 3

    a)INDIRECT MANUFACTURING COST

    INDIRECT MANUFACTURING COST RM


    Factory equipment rental 120,000
    Depreciation of factory equipment 70,000
    Indirect labour cost 140,000
    Factory utilities expenses 90,000
    Factory maintenance expenses 78,000
    Factory insurance expenses 30,000
    Total 528,000

    b)CONVERSION COST

    CONVERSION COST RM
    Direct labour 240,000
    Manufacturing cost 528,000
    Total 768,000

    c)MANUFACTURING COST

    DIRECT MATERIALS RM
    Beginning direct materials 28,200
    (+) Direct materials purchases 414,000
    (-) Ending direct materials (31,000)
    Total 411,000

    MANUFACTURING COST RM
    Direct materials 411,000
    Direct labour 240,000
    Manufacturing overhead cost 528,000
    Total 1,179,000
    d)PERIOD COST

    PERIOD COST RM
    Advertising and promotion expenses 150,000
    Sales and Administrative salaries 140,000
    Depreciation of sales equipment 110,000
    Administrative insurance expenses 10,000
    Total 410,000

    e)DIRECT COST

    DIRECT COST RM
    Direct materials 411,000
    Direct labour 240,000
    Total 651,000

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