Unit 1 - Review Questions QUESTION 1 Turtle Ltd supplied the following information for the...
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Accounting
Unit 1 - Review Questions QUESTION 1 Turtle Ltd supplied the following information for the past year: N$ Direct material used 50 000 Indirect material used 10 000 Direct labour cost 100 000 Indirect labour cost 25 000 Sales commission paid 17 000 Depreciation: plant and equipment 50 000 Sundry factory overheads 50 000 Depreciation office building 10 000 Sales 410 000 You are required to determine the following: 1. Prime costs 2. Manufacturing overheads costs 3. Conversion costs 4. Total manufacturing costs 5. Period costs 6. Product costs 7. Non-manufacturing costs
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