Mistlo
Nigeria Ltd, a manufacturing drilling company in Ughelli in the year 2010. The
following cost data where available.
Nigeria Ltd, a manufacturing drilling company in Ughelli in the year 2010. The
following cost data where available.
Materials
(metals) 75,800
(metals) 75,800
Wages
(labour) 17,200
(labour) 17,200
Salaries
(office) 11,600
(office) 11,600
Electricity
(factory) 2,100
(factory) 2,100
Electricity
(office) 420
(office) 420
Water use in
the factory 1,780
the factory 1,780
Transportation
of finished goods to distributors 2,100
of finished goods to distributors 2,100
Depreciation
of factory equipment 15,000
of factory equipment 15,000
Depreciation
of motor vehicle 2,000
of motor vehicle 2,000
You are
required to compute
required to compute
1.) Prime cost
2.) Factory cost
3.) The selling
and admin overhead cost
and admin overhead cost
4.) The total
cost
cost
5.) Show the
above in a cost statement.
above in a cost statement.
