Ezweni Limited uses normal costing system. Given below is the information taken from the records of Ezweni Limited for the year ended 31 March 2024:Inventories01 April 202331 March 2024 RRRaw materials112 500150 000Work in process262 500?Finished goods165 000? Additional information:Raw materials to the value of R1 460 600 were issued to production.Current manufacturing costs comprising of direct material, direct labour and absorbed manufacturing overheads, amount to R4 695 000.Manufacturing overheads absorbed to production amount to 65% of conversion costs.Actual manufacturing overhead costs incurred in the current period amount to R2 018 250. Manufacturing overhead variances are adjusted against the cost of goods sold.Required:Calculate and fill in the missing data in the following statement of cost of goods manufactured and sold by choosing the correct answer from the options provided.

You are given the following information for the year ended 31 October 2019: Cost item Amount (Sh) Purchase of raw materials 112,000 Returns inwards 8,000 Decrease in stock of raw materials 8,000 Direct wages 42,000 Carriage outwards 4,000 Carriage inwards 3,000 Production overheads 27,000 Increase in work-in-progress 10,000 The value of factory cost of goods completed is Select one: a. Sh 202,000 b. Sh 174,000 c. Sh 183,000 d. Sh 182,000

During Year 2, XYZ Inc. reported an absorption costing income from operations of $100,000. The following information is given to you with respect to XYZ’s Year 2 activity:- Beginning Inventories: 10,000 units (including $3 of fixed overhead per unit).- During Year 2, XYZ Inc. produced and sold 90,000 and 85,000 units respectively.- Fixed overhead per unit on units produced during Year 2 amounted to $2.50 per unit.- XYZ employs a FIFO (First-in First-out) approach to inventory sales.Based on the information provided, variable costing income from operations would have been:Select one:a. $92,500.b. $137,500.c. $117,500.d. $112,500.

he following information is available for Dakota Company: Product 1Product 2Sales$1,400,000$1,800,000Direct materials(200,000)(400,000)Direct labor(600,000)(600,000)Manufacturing overhead*   (500,000)   (500,000)Gross margin$   100,000$   300,000*allocated based on direct labor hoursDakota Company has decided to allocate its manufacturing overhead cost using activity-based costing. Manufacturing overhead will be allocated based on batch-level and product line manufacturing as follows: Total   Manufacturing   Overhead CostsProduct 1Product 2Batch-level manufacturing overhead$600,00020 batches60 batchesProduct line manufacturing overhead$400,00010 lines   40 lines    What is Dakota Company's gross margin for Product 1 using activity based costing?

Pharoah Company has the following data:Direct labor$68,400 Direct materials used75,600 Total manufacturing overhead58,500 Ending work in process inventory 27,000 Beginning work in process inventory 40,500 Your answer has been saved. See score details after the due date.Compute total manufacturing costs.Total manufacturing costs $enter the total manufacturing costs in dollars Your answer has been saved. See score details after the due date.Compute cost of goods manufactured.Cost of goods manufactured$enter the cost of goods manufactured in dollars

During its first month of operations, a manufacturer incurs the following costs (in dollars) related to activities within its factory:Direct materials $15,000Direct labor $30,000Manufacturing overhead $40,000What amount should be reported as cost of goods sold on the income statement if 5,000 units are produced and 4,000 are sold? $56,000 $68,000 $70,000 $85,000