1 Material consumed Amount (OMR) 4 Office and administrative overhead Amount (OMR) Opening stock of raw material Electricity expenses for Office add: Rent and Insurance 40,000 5,300 add: Purchase...



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1 Material consumed<br>Amount (OMR)<br>4 Office and administrative overhead<br>Amount (OMR)<br>Opening stock of raw material<br>Electricity expenses for Office<br>add: Rent and Insurance<br>40,000<br>5,300<br>add: Purchase<br>35,000<br>5,250<br>add: Carriage on purchases<br>Material consumed<br>add: Salary of manager (25,000 × 75%)<br>add: Commission to office manager<br>5,400<br>18,750<br>80,400<br>1,400<br>add: Depreciation on Machinery<br>Office and administrative overhead<br>1,200<br>Direct wages<br>12,000<br>31,900<br>3 Factory overhead<br>Indirect wages to foreman<br>Amount (OMR)<br>5 Selling and Distribution overhead<br>Amount (OMR)<br>900<br>Rent of warehouse (8,000 - 4,467)<br>3,533<br>add: Advertising expenses<br>add: Showroom clearing expenses<br>7,000<br>add: Electricity expenses for Factory<br>add: Rent and Insurance<br>11,200<br>6,250<br>add: Salesman expenses<br>add: Salary of manager (25,000 × 25%)<br>add: Depreciation on Machinery<br>Factory overhead<br>6,250<br>3,800<br>add: Sales Manager Salary<br>add: Travelling expenses<br>add: Showroom Insurance<br>1,000<br>13,000<br>21,400<br>5,600<br>4,730<br>Selling and Distribution overhead<br>41,863<br>

Extracted text: 1 Material consumed Amount (OMR) 4 Office and administrative overhead Amount (OMR) Opening stock of raw material Electricity expenses for Office add: Rent and Insurance 40,000 5,300 add: Purchase 35,000 5,250 add: Carriage on purchases Material consumed add: Salary of manager (25,000 × 75%) add: Commission to office manager 5,400 18,750 80,400 1,400 add: Depreciation on Machinery Office and administrative overhead 1,200 Direct wages 12,000 31,900 3 Factory overhead Indirect wages to foreman Amount (OMR) 5 Selling and Distribution overhead Amount (OMR) 900 Rent of warehouse (8,000 - 4,467) 3,533 add: Advertising expenses add: Showroom clearing expenses 7,000 add: Electricity expenses for Factory add: Rent and Insurance 11,200 6,250 add: Salesman expenses add: Salary of manager (25,000 × 25%) add: Depreciation on Machinery Factory overhead 6,250 3,800 add: Sales Manager Salary add: Travelling expenses add: Showroom Insurance 1,000 13,000 21,400 5,600 4,730 Selling and Distribution overhead 41,863
Sales<br>255,000<br>|less: Cost of Sales<br>Actual Profit<br>195,063<br>59,937<br>less: Expected Profit (195,063 x 45%)<br>87,778<br>Difference in Profit<br>(27,841)<br>

Extracted text: Sales 255,000 |less: Cost of Sales Actual Profit 195,063 59,937 less: Expected Profit (195,063 x 45%) 87,778 Difference in Profit (27,841)

Jun 03, 2022
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