Management Accounting

BESTUURSREKENINGKUNDE: (PBSB 811) MEMO: INDIVIDUELE OPDRAG POTCH: 12 MAART 2011 VANDERBIJL: 14 MAART 2011 TOTAL: 80 interrogate 1: follow of Good Manufactured and Income Statement(22) Norton Industries Statement of comprise of Goods Manufactured For the Month Ended may 31, 2010 (R000 omitted) Direct materials line of unionise materials, April 30R 28 Purchase of send out materials510 Freight-in15 Total direct materials available for useR 553 Inventory of direct materials, whitethorn 3123 Direct materials used in productionR 530 Direct labour260 Indirect factory labourR 90 Utilities (135 x .8)108 Property tax60 Insurance (20 x .6)12 disparagement (20 + 30)50 Manufacturing overheadR 320 Total manufacturing costsR1 110 Plus: Inventory of WIP April 30150 Less:Inventory of WIP May 31220 Cost of goods manufacturedR1 040 (11) Question 1 (continued) 2.

Norton Industries Income Statement For the Month Ended May 31, 2010 (R000 omitted) SalesR 1 488 Less Sales discounts 20 earnings Sales 1 468 Cost of Goods Sold Finished Goods Inventory, 4/30R 247 Cost of Goods Manufactured 1 040 Cost of Goods visible(prenominal) for Sale 1 287 Finished Good Inventory, 5/31 175 1 112 Gross Margin 356 General, Selling, and Administrative Expense section SalariesR 122 Sales Salaries 42 Insurance (R20 x .4) 8 Utilities (R135 x .2) 27 carry 9 Depreciation 4 Interest 6 218 Income from operations R 138 other revenue 2 Net Income R 140 (11) QUESTION 2 (Job Costing)(14) ** QUESTION 3: CVP(20) 1. BE units = F + N = R150 000 = 15 000 hats p - v R30 -... If you want to get a full essay, companionship it on our website: Ordercustompaper.com

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