—~ Saks Ugoe + 60,006 Workings: (seta) = 2 > 2 Kara Particulars ian a Hanis nae &, 000 9,600 6,000 Z : Advertising) 1, ovo 16,000 % % | 16,000 x z |e Gee 7 = Snee a 12,500 ¥ = 12,1500 * 25,000 /| = 4,500 Wager K | 20,240 +1460] 3),490 x % | 319o0x as Qbyes = 21,400 Slee Commission (3,500 y > 14, Wo > ip 1c onal 33, 0v0- |, | >1,600 x +. >I, wee = dU bo0 7 | = F200 Z| =I, 4ou] 2, bo Bg50 xe | 3, CONS 7 P y > Ubto = q lov % 3,600 x 3*h Go8XL | Cok x 3 Lignt u Powor | Allowances for | doubtful Debts =6 0% / / = Cr:3) = 152 : UGL X~ ,D00 X (5®/, a8 Depreciation of oe (5 I 300 X 3 U,80 xt rinwresandFitings | ZOO / 2 doo “|. xYW00 “Gise Profi 5 gy Gross Profit xy Nef Coss 7 ae “Gots 31,380 “han E> 2 Shot Horde 40 er) tog itt ag | > Phe te Scanned with CamScannerbusiness with two departments. The following informatie 6. Baba Stores has trading, 31 December 2017: extracted from its books on Souvenit ‘Toys RM Inventory, 1 January 2017 3,890 Inventory, 31 December 2017 5,710 Purchases 69,400 Cash Sales 150,000 Credit Sales 120,000 = Salaries And Wages 8,400 7,200 Totals RM Water And Electricity 4,800 Insurance Expenses 6,400 ‘Advertising Expenses 3,600 Bad Debts 200 Fixtures And Fittings 60,000 Cash At Bank 33,500 Cash On Hand 4,750 Capital 98,090 ‘Accounts Receivable 25,000 ‘Accounts Payable 11,200 ‘Allowance For Doubtful Debts 1,250 Property 110,000 ‘Additional information: deal in cash and credit terms. An allowance for doubtful (j) Sales in Souvenir department debts of 2% on accounts receiv Gi) Fixtures and fittings are charged at @ depreciat (iii) Commissions are paid to the departmental managers based on their respective departments. (iv) Electricity bill for December 2017 amounted to RM 420 will be paid in early January 2018. (v) Unexpired insurance expenses amount ¢ (vi) All other expenses are to be apportione able is to be charged. tion of 10% per annum. 5% of the gross profit of ed to RM 1,500 at the year end. .d equally between the two departments. are a departmental Income Statement with 3 columns (namely (@) You are required to prep “sgouvenir”, “Toys” and Total”) for the year ended 31 December 2017. (18%) (b) Mark operates a department store. You are required to suggest how the following indirect expenses are to be allocated according to the most appropriate bases (e.g. floor space, camber of employees, number of salesmen, total sales, credit sales, purchases, etc.). Copy the following table and fill your answers in the blanks. Indirect expenses “Apportionment bases @ | Rental Gi) [Bad debts ii) | Commission on sales (iv) | Salaries ey oe (Total: 20%) served [CONFIDENTIAL] Scanned with CamScanner6. Baba Stores has a trading business with Two departments. The following mnvormen™ 0°" books on 31 December 2017: extracted from its Souvenit ‘Toys RM Inventory, 1 January 2017 3,890 Inventory, 31 December 2017 5,710 Purchases 69,400 Cash Sales 150,000 Credit Sales 120,000 = Salaries And Wages 8,400 7,200 Totals RM Water And Electricity 4,800 Insurance Expenses 6,400 ‘Advertising Expenses 3,600 Bad Debts 200 Fixtures And Fittings 60,000 Cash At Bank 33,500 Cash On Hand 4,750 Capital gw 98,090 ‘Accounts Receivable G 25,000 ‘Accounts Payable < 11,200 ‘Allowance For Doubtful Debts Yy 1,250 Property 110,000 ‘Additional information: deal in cash and credit terms. An allowance for doubtful (j) Sales in Souvenir department debts of 2% on accounts receiv: i) Fixtures and fittings are charged at @ depreciat (ii) Commissions are paid to the departmental managers based on their respective departments. (iv) Electricity bill for December 2017 amounted to RM 420 will be paid in early January 2018. (¥) Unexpired insurance expenses amount ¢ (vi) All other expenses are to be apportione able is to be charged. tion of 10% per annum. 5% of the gross profit of ed to RM 1,500 at the year end. .d equally between the two departments. artmental Income Statement with 3 columns (namely (@) You are required to prepare a dep: “sgouvenir”, “Toys” and Total”) for the year ended 31 December 2017. (18%) (b) Mark operates a department store. You are required to suggest how the following indirect expenses are to be allocated according to the most appropriate bases (e.g. floor space, camber of employees, number of salesmen, total sales, credit sales, purchases, etc.). Copy the following table and fill your answers in the blanks. Indirect expenses “Apportionment bases @ | Rental Gi) [Bad debts (ii) | Commission on sales (iv) | Salaries ey oe (Total: 20%) served [CONFIDENTIAL] Scanned with CamScannerL———;,— ‘DATE: ld aba be [Deporte TRG Natement Far she Yeo ended 31 Dam ber 30k Souvenir Tous. Total ales Rm_|_ km [a Rm Bm am au rn002} 150,009 | 32,900 Less cost of Coles Opening Tnventory, 9.400 3.2404} 190 Purchases 33,000 Ga00 4 [156.400 45,400 3,290 [162,690 Leases Closing Tnventory} [Cos FOOD © BAO (2.41 32300 580 146,290 Gras Pro 03,200 9,430 TpO Add + Income, Antowances fir Dodstful S ab cua + “I tea 44,050 2, BO 146,440 Losss_ Expenses . Colores ar Wogtt | @.400 sae 15,600 Water and Glectricity alo) wD) BATON Tnsurance Expenses wae abo a0 Advertising Expenses e004 TQ00 WY 3,600 Bod Debts 200 ~ aaa Depreciation FE | 3.000 3,000 G00 Monoger's Commission 4.665 AM @a2EM| 23,195) S181) (44,306 Net Pre@t 30 5 | v3] 12, Ibi i = @bazic Scanned with CamScanner/ va © \ a one Tt re = 7 cul oy - ee Total Tian Tae pm. Te mM O Salas em 320,000 | Rm52,000 -+ Rrn120.000 bin 150; 000 ~_Rin 199,000 He ()] Ailonionas Ter Doubibl pas [BRUIT RMI, REO = = decreated Cineome) [= Rm a5 a & [@>| Deprrdodion oF Fxtwas © [PmGooeo x17] P6000 X = Rb.c00 XS fytings = Pm, 00. = pm2,000 = pm 3,000 GD [Etec dy nda tard) _ BME DONS pnb aa0 XE = Rnb 990 = RMaGIO =BNI.bO GA) [Insuranc® Expenses hi GA0o- Reso] Pm4.4o0 YS BNO = pma.qod = bm3,450 = Pma.450 AE UD] Bod Delt Rm 300 Bin300 100 = loo © GD) | mangages Commiccion RMAs DOW]. RMAFS0¥5). Pme, 40 x57. =RmGave =m.6b5 = RM 4,131 (Q)| Advertiging px parses 23,600 Bins G00 X¥ Rm3, Goo XS 5 = Bm [G00 = bn 200 @bazic" Scanned with CamScannerwa Ir Senior 3 Revision Test - Manufacturing / Departmental Summer Ltd. marthfactured and sold sport T-shirt. It had also import branded T-shirt to meet the need of the “Beal consumers. The following balances were extracted from the books on 31 July Year 15: RM Plant and Machinery at cost 300,000 Office Furniture and Fixture at cost 110,000 Accumulated depreciation of Plant and Machinery G. 60,000 Accumulated depreciation of Office Furniture and Fi: «3, 16,500 _®pening Inventory —Raw materials 12,500 —Work in progress 22,800 —T-shirt manufactured 8,000 —T-shirt imported 10,000 Arrchases —Raw materials 240,500 —T-shirt imported 155,000 Corfiage inwards —Raw materials 3,800 —T-shirt imported 1,600 ‘eturns inwards —T-shirt manufactured 3,300 Manufacturing wages 32,000 18,000 “ictory expenses “Be ity UE to 39,900 and rates Uf 24,000 \ Sates — T-shirt manufactured 666,000 —T-shirt imported 333,000 Office salaries |" 12,000 Selting expenses 8,100 Additional information: (1) Closing stocks —Raw materials 10,000 —Work in progress 20,500 —T-shirt manufactured 9,000 —T-shirt imported 12,000 2) Sport T-shirt manufactured is transferred to the Trading department at factory cost plus 25%. (3) Depreciation is to be provided at 20% on cost of Plant and Machinery; 20% on reducing balance method of Office Furniture and Fixture. (4) The expenses on electricity, rent and rates are chargeable three-fifths to the factory and the balance to the office. (5) On 31 July Year 15, accrued office salaries amounted to RM 4,000. (© Except depreciation of office furniture and fixtures, office salaries, the overhead expenses of the store are to be charges 2/3 to Sport T-shirt Department and 1/3to Import T-shirt Department. You are required to prepare the following accounts for the year ended 31 July Year 15: facturing Account : . . io Dopartmental Income Statement (included “Sport T-shirt”, “Import T-shirt” and “Total” column.) Scanned with CamScanner| “| Mawar Gummer Lid . ore Mlocluring Rie Weta oar tect Yo uly say LES tow Moleiale 20 Ty ~ Dering artery pn | pt —{fercrotes tf fb 40> Canny a 300,600 | ae AE Carries Tamil one a _ "2,300 | | [rte, 1] WEE Charing Invinkory : oe i | (Lis, COT a Bows Mario Cored a eel + Marufocter ra woes | | | 2, cov] Factory Equcts a) TCaay Prime Cost | [3AC. oo, Ww) Factory, Querhsod Fyne | 7 he Ebeaty (39.900 x5 ) 23,900 | | Rent and Rates C900 Sr) TW, woy T Dapraciotion of Plant &Mecrjany Croan}yoot) 000), 1 [ony | | _ “| 9% su0 cosh oF Production 1 OpEnir0, ost % Pagrass | | 9 Closipa, crore tH Progress | . iP. hon clad Qk — oo To wt woh) | —_ | seo r ae ae - [a 46,800) Scanned with CamScannerTotal Sport T~Shirt Import T-chig s Torts aty 34 Aovky 8,460 X = I, A6ox =5.4bo | = (0, 6YUO = BAO Rant %& Rates pusoo ¥ = Abou kK Qboo¥ry ) Ry > 4,600 + GOV 95) Ket) 2,abol fra) Gelling Expsntes | Qrov 9,100 ¥-S loo. = E,woo > 23005 nail 1 TX OOP PS) Depertmantal Inctmo. Gate. al AL tee 7 Tt Scanned with CamScanner| Departmental Cur utd ‘ Tn ate ner ar 21 duly yer! | [Ser POT Ts Tate! {| Goheg | ® Pin em |] pin | pm Pe 7 Ge 2 aan ost Petury Thwadt oe seed tc 3307? Not Coles 1 = 00 [ova,Aeo 333,600, | aa5a’ Les Cott of Soler Shoring Trverlry — |Qolo| | ro,0d ggeoo a Purchases _ 15,000 | 155,000 _ = € Production Custef! Finthed 4 | wad = gaukoo | [ow 20d ULE, 000 6b9,Q00 Adel? Carriage two | — Veoo] (/b00 1 fovu foo |~ U6, b00 LYS Las Clos, Tanfory [La] [12/209 caver 495,200 IGh,Loo Crp ; Gross Pots} — “Tracking LG6Anp| 18, Poy 3uu, 300 ~ Wily pratt Ake a %,3bo ; puget 198,400 eae | Lass Eyepentas lect ict y 0, 5,320 || a 15,bo —€ Bunt ord Bois [Guar | 3200) boo ; Celina, excpentas 5 ua no R100 oftia Golones™af || |! Gabo 1 Depreciotion of FRE | = (2700) = (M16, 000~ We SIF OE boo wal (Wao U] te 3Lo Net Profi Sao tea, Ro ees a 5 ee | ——. es ———— a [ . PAP —— Scanned with CamScanner