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    Manufacturing 格式

    Uploaded by

    F4B21 Emily Lei

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Manufacturing 格式

    Uploaded by

    F4B21 Emily Lei
    5 views2 pages

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5 views2 pages

    Manufacturing 格式

    Uploaded by

    F4B21 Emily Lei

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Yeung Ltd

    Manufacturing account for the year ended 31 Mar 2009

    Direct materials $ $
    Opening stock of raw materials 9,880
    Add : Purchases of raw materials 112,309
    Less : Closing stock of raw materials 11,310
    110,879
    Direct expenses
    Direct Wages 146,185
    Prime cost 257,064
    Factory overhead
    Indirect wages 36,400
    Machinery repairs (11700-1560)*90% 9,126
    Rent an rates (29250*70%) 20,475
    Insurance (17870*70%) 12,509
    Light and heat (15240*70%) 10,668
    Motor expenses (24648*50%) 12,324
    Provision for depreciation - machinery 13,158
    Provision for depreciation - motor vehicle 4,536 119,196
    376,260
    Add : Opening stock of work-in-progress 5,135
    Less : Closing stock of work-in-progress 14,225 (9,090)
    Production cost - Transferred to trading account 367,170

    Yeung Ltd
    Trading and Profit & Loss account for the year ended 31 Mar 2009
    $ $
    Sales 455,000
    Less : Cost of goods sold
    Transferred from manufacturing a/c 367,170
    Add : Opening stock 23,692
    Less : Closing stock 24,830 366,032
    Gross Profit 88,968
    Less : Expenses
    Salesmen's salaries 15,925
    Rent an rates (29250*30%) 8,775
    Adminintrative expenses 21,612
    Insurance (17870*30%) 5,361
    Light and heat (15240*30%) 4,572
    Motor expenses (24648*50%) 12,324
    Machinery repairs (11700-1560)*10% 1,014
    Provision for depreciation:
    - Machinery 1,462
    -Furniturn and fixtures 5,525
    -Motor vehicle 4,536 81,106
    Net Profit 7,862

    Yeung Ltd
    Balance Sheet as at 31 Mar 2009
    Accumulated
    Cost NBV
    Depreciation

    Fixed Assets $ $ $
    Machinery 146,200 102,320 43,880
    Fixture and fittings 27,625 16,575 11,050
    Motor vehicles 61,740 40,572 21,168
    235,565 159,467 76,098
    Current assets
    Stock: Raw materials 11,310
    Work in progress 14,225
    Finished goods 24,830 50,365
    Debtors 70,200
    Less : Provision for doubtful 3,510 66,690
    Bank 8,840
    Prepaid expenses - machinery
    1,560
    repairs
    127,455
    Current Liabilities
    Creditors 18,791 108,664
    184,762
    Financed by :
    Capital 176,900
    Add : Net Profit 7,862
    184,762

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