Q1 2. (a) (b) 1. Anova Vehicle Sdn. Bhd. is a supplier for national car manufacturer. The company's accounts balances fo

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Q1 2 A B 1 Anova Vehicle Sdn Bhd Is A Supplier For National Car Manufacturer The Company S Accounts Balances Fo 1 (147.94 KiB) Viewed 10 times

Q1 2. (a) (b) 1. Anova Vehicle Sdn. Bhd. is a supplier for national car manufacturer. The company's accounts balances for the financial year ended 31 December 2013 are as follows: BPA11403 Advertising expense Depreciation on factory machine Direct labour Factory supplies used Factory utilities expense a Indirect labour Insurance expense Purchase of direct materials Rent expense Salaries expense Sales Taxes on factory Utilities expense Additional information: Beginning and ending inventories are as follows: 202 Insurance expense Rent expense Utilities expense RM 80,000 165,000 742,500 8,970 30,820 1 297,000 52,800 585,000 475,200 103,500 4,220,000 41,400 92,400 Beginning Ending (RM) (RM) Direct material 74,800 125,400 Work in process 26,400 33,000 Finished goods 297,000 364,320 The allocation of expenses for the factory and office is as follows: Factory 55% 60% 75% 2 Office 45% 40% 25% Prepare the statement of cost of goods manufactured of Anova Vehicle Sdn Bhd for the year ended 31 December 2013. (12 marks) Prepare the income statement of Anova Vehicle Sdn Bhd for the year ended 31 December 2013. (8 marks)