Problem
The company Activa, SA, has the following operations in the month of March, so it wants to know the amount of its unit cost and its income statement:
During the month, 1,000 items were manufactured, of which 900 were sold at $500 each plus VAT, and 100 remained in the warehouse.
Finished articles To elaborate by product it is required:
10 kg of raw material
5 hours
Machinery depreciation is $6
The depreciation of the factory building is $11
The consumptions were the following:
The consumptions are: Indirect material $5,200, Indirect labor $10,500, Electricity of the month $4,250 and corresponds only to machinery
The payment of raw material in the month was 10,015 kg at $10.10 per kilo and labor was at $19.95 per hour
Administrative expenses were $70,000
Selling expenses of $80,000
Financial Expenses$13,500
It is requested to formulate the cost sheet and determine the unit cost and the preparation of the income statement corresponding to the month.