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(a) Calculate the overhead to be absorbed by each department showing clearly the basis of apportionment used. (b) Transfer the service department costs to production departments 1 and 2. (c) Calculate a suitable overhead absorption rate for each depart
(2016)
(a) Prepare a production budget for the four months July to October 2016. (b) Prepare a raw materials purchases budget (in units and €) for the four months July to October 2016. (c) Prepare a cash budget for the four months July to October 2016. (d) P
(a) Prepare a trading and profit and loss account for the year ended 31/12/2016. (b) Prepare a balance sheet as at 31/12/2016.
(2017)
(a) Prepare the cash flow statement of Grant plc for the year ended 31/12/2016 including reconciliation statements. (b) (i) Cash flow statements are useful in assessing solvency. Explain the underlined term. (ii) Financial Reporting Standard 1 requires c
(a) (i) Prepare the relevant ledger accounts in respect of the above transactions for the years ended 31 December 2012 to 31 December 2016. (Bank account and profit and loss account not required). (ii) Show the relevant extract from the balance sheet as a
