Question

Identify costs incurred in producing the products? Note: Specify at least twenty-five (25) costs and classify...

Identify costs incurred in producing the products?

Note: Specify at least twenty-five (25) costs and classify each of them clearly.

ie. Direct material, Production overhead, Administrative overheads, etc.

(( SO OUR PRODUCT IS YOGURT DRINK )) THIS THE ONLY INFORMATION NEEDED FOR THIS QUESTION

Business   Accounting   
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Homework Answers

Answer #1

Yogurt drink

1. Direct material:

Plastic bottles

Water

Milk

Sterilized milk

Sugar

Flavorings

Salt

Ice

Probbiotics

Carriage inwards and outwards

2. Production overheads

Wages and salaries (Packaging, mixing, labelling, tasting)

Electricity

Overtime cost

Electric Power

Fuel

Depreciation on machines

Repairs

Loose Tools

3. Administrative overheads

Security guards

Machine maintenance

Rent for factory

Other maintenance charges

Telephone charges

Printing and stationary

Depreciation of furniture

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