Mirbat Company has the following information for the period ended 31 December 2020. Direct material purchases 380000 OMR Direct labor OMR 210000 Factory maintenance 28000 OMR Power and heat–factory 14500 OMR Direct Expenses prime cost Indirect factory labor 23000 Freight In 6500 10 % of the OMR OMR Depreciation - Factory 24800 OMR Advertisement expenses 4500 OMR Inventories, 1 January 2020: Direct Material OMR 44300 OMR 51200 Work-in-process Finished goods OMR 77000 Purchase returns of direct materials 3400 OMR Depreciation-administrative 11800 OMR Inventories, 31 December 2020: Material OMR 18000 Work-in process OMR 35000 Finished goods 4000 Units 36000 Total Production Units units Finished goods are valued at the current unit manufacturing cost.
Mirbat Company has the following information for the period ended 31 December 2020. Direct material purchases 380000 OMR Direct labor OMR 210000 Factory maintenance 28000 OMR Power and heat–factory 14500 OMR Direct Expenses prime cost Indirect factory labor 23000 Freight In 6500 10 % of the OMR OMR Depreciation - Factory 24800 OMR Advertisement expenses 4500 OMR Inventories, 1 January 2020: Direct Material OMR 44300 OMR 51200 Work-in-process Finished goods OMR 77000 Purchase returns of direct materials 3400 OMR Depreciation-administrative 11800 OMR Inventories, 31 December 2020: Material OMR 18000 Work-in process OMR 35000 Finished goods 4000 Units 36000 Total Production Units units Finished goods are valued at the current unit manufacturing cost.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Question 2:
Mirbat Company has the following information for the period ended 31 December 2020.
Direct material purchases
OMR
380000
Direct labor
OMR
210000
Factory maintenance
28000
OMR
Power and heat-factory
14500
OMR
Direct Expenses
prime cost
Indirect factory labor
23000
10 % of the
OMR
Freight In
6500
OMR
OMR
Depreciation - Factory
24800
Advertisement expenses
OMR
4500
Inventories, 1 January 2020:
Direct Material
OMR 44300
Work-in-process
Finished goods
OMR 51200
OMR 77000
Purchase returns of direct materials
3400
OMR
Depreciation-administrative
11800
OMR
Inventories, 31 December 2020:
Material
OMR 18000
Work-in process
Finished goods
OMR 35000
4000 Units
Total Production Units
36000
units
Finished goods are valued at the current unit manufacturing cost.
You are required to prepare:
I. Manufacturing Statement
II. Calculate unit production cost.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F591021e0-748b-4c73-94be-bffde8893238%2F0ae8859c-a5ea-49da-8fef-0be23cc86201%2Ffqb8jju_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 2:
Mirbat Company has the following information for the period ended 31 December 2020.
Direct material purchases
OMR
380000
Direct labor
OMR
210000
Factory maintenance
28000
OMR
Power and heat-factory
14500
OMR
Direct Expenses
prime cost
Indirect factory labor
23000
10 % of the
OMR
Freight In
6500
OMR
OMR
Depreciation - Factory
24800
Advertisement expenses
OMR
4500
Inventories, 1 January 2020:
Direct Material
OMR 44300
Work-in-process
Finished goods
OMR 51200
OMR 77000
Purchase returns of direct materials
3400
OMR
Depreciation-administrative
11800
OMR
Inventories, 31 December 2020:
Material
OMR 18000
Work-in process
Finished goods
OMR 35000
4000 Units
Total Production Units
36000
units
Finished goods are valued at the current unit manufacturing cost.
You are required to prepare:
I. Manufacturing Statement
II. Calculate unit production cost.
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