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Zulfiqar &Bro. Co.

It uses ABC costing the following transaction were occurred during

the April 2015

Data

Beginning inventories

Raw Material Rs. 90000

W-I-P Rs. 55000

fnished goods Rs. 75000

 Transaction during the month

1 Material purchased of Rs 140000 in which Rs 0000 were on

account

2 Material issued to production of Rs !5000 in which 25000 was

indirect"

# $irect la%or assigned to production Rs &0000 ' indirect la%or

was Rs 45000

4 (inished goods for the month were Rs #5000

5 )ales were during the month &0* of +nished goods

$epreciation for the month on (i,ed Assets costing 200000 '

depreciation changed 10*

& )alareis for the month were Rs 120000

- )elling . administration e,penses were Rs" 22000

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 The %udgeted (/ were as following actiit pools

)"3

oActiit ools

stimated

cost

stimated

Actiities

Actual

actiities

1rocessing units on

machine40000 #000 r" 2500 r"

2 andling material #2000 400 orders #-0 orders

# Testing new product 10000 100 units 120 units

4$esigning new

product50000 1000 $6 1200 $6

5 (acilit leel 100000 10000 $6 -500 $6

Re7uired8

1 Record the transaction in general 9ournal

2 Calculate ending inentor

# Calculate the actiit rate and total (/

4 Ad:ust the oer applied ;