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prepare cost of good sold budjet for Scottsdale Styles for the year ended december 31, 2016

prepare cost of good sold budjet for Scottsdale Styles for the year ended december 31, 2016

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Answer #1

Computation of Cost of goods sold :

Direct materials cost xxx
Add: direct labour cost xxx
Add: direct expenses xxx
PRIME COST xxx
Add: factory/works /manufacturing /production overheads xxx
FACTOR COST /WORKS COST xxx
Add: office & administration overheads xxx
COST OF PRODUCTION xxx
Add: selling & distribution overheads xxx
COST OF GOODS SOLD xxxx

* (xxx) amounts to be entered

As the question doesn't have any amounts or figures so format for calculations if costs of goods sold is given. You can compute cost of goods sold through this method.

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