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The following figures have been extracted from the final accounts of Equip Ltd., a manufacturer of sports equipment, for the year ended 31/12/2004.
(2005)
(a) Prepare the published Profit and Loss account for the year 31/12/2004 and a Balance Sheet as at that date, in accordance with the Companies Acts and appropriate accounting standards, showing the following notes: 1. Accounting policy note for tang
(a) Trading and Profit and Loss Accounts for the year ended 31/12/2004.(b) Balance Sheet as at 31/12/2004.(c) What additional information would be available if Connolly’s accounts were prepared using the “double entry” system?
(a) Calculate the overhead to be absorbed by each Department stating clearly the basis of apportionment used. (b) Calculate a suitable overhead absorption rate for each Department. (c) Compute the selling price of Job No. 316. (d) Name three overhead
(a) Production Budget (in units). (b) Raw Materials Purchases Budget (in units and €). (c) Production Cost/Manufacturing Budget. (d) Budgeted Trading Account (if the budgeted cost of a unit of Silver and Gold is €134 and €155 respectively). (e) Note o
