In respect of a factory the following figures have been obtained for the year 2020: Cost of material RM600,000; direct wages RM500,000; factory overheads RM300,000; administration overheads RM336,000; selling overheads RM224,000; distribution overheads RM140,000 and (i) profit on total cost @ 25% & (ii) profit on sales @ 20%. Find out total value of sales.

In respect of a factory the following figures have been obtained for the year 2020: Cost of material RM600,000; direct wages RM500,000; factory overheads RM300,000; administration overheads RM336,000; selling overheads RM224,000; distribution overheads RM140,000 and (i) profit on total cost @ 25% & (ii) profit on sales @ 20%. Find out total value of sales.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...

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