Finance Accounting About Vinamilk

Introduction: Trung Company is engaged in the production of customized t-shirts. It caters to company, family and class events. It also gets orders from some local government agencies. The business has started trading operations in Saigon City since January 2006. It was founded by Mr. Nguyen Lap (the company manager) and his sis Thuy. They are currently renting an old building for the government agency and manufacturing plant.

Cost incurred of Trung Company is: Direct Materials 120,000 Factory Overhead 60,000 administrative overhead 56,000 exchange and distribution overhead 42,000 Direct damage includes: - Direct materials costs: $120,000 - Direct wages (Direct labour costs): $100,000 confirmative costs (Overhead costs) includes: - Factory overhead: $60,000 - Administrative overhead: $56,000 Selling and distribution overhead: $42,000 We have the development from scenario information: X= 20000+20%Y (1) Y=20000+20%X (2) Z=10000+30%X+10%Y (3) So that, from (1) and (2) We can have : X=20000+20%(20000+20%x) X= 25000 When we have X, give that value to (2), we have Y: Y= 25000 With the value of X and Y, its easy to get Z value: Z= 20000 With the above result, We can instruct core factory overhead for each producing department with : S=60000+30%Y+40%Z (4) =60000+30%x25000+40%x20000=75500 P=90000+50%X+40%Y+30%Z(5) =90000+50%x25000+40%x25000+30%x20000=118500 TASK 2 We first need to determine Recovery rate factory overhead , using the equivalence : Recovery rate factory overhead =[pic] Then, using formulation, and information from scenario information, determine Percentage of works cost : [pic] =[pic] With value of compensation and the value we have about Recover rate factory overhead, we have: Factory overhead = recover rate x wages= 60%x40000=24000 Selling and distribution overhead [pic] =35% x... If you demand to get a full essay, order it on our website: Orderessay

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