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3 marksCost Classification and Manufacturing Accounts

CSEC Principles of Accounts · May/June 2017 · Paper 2 · Question 3(a)

In the year ended 30 June 2016, Kwame sold 25,000 fruit punches for a total of $275,000. Costs per fruit punch and annual operating expenses are also provided.

Calculate the selling price for each fruit punch.

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Other parts of this question

  1. 3(b)Calculate the gross profit earned on each fruit punch.[4 marks]
  2. 3(c)Draw up the Income Statement for Kwame for the year ended 30 June 2016.[10 marks]
  3. 3(d)Calculate the percentage of each sales dollar paid out in labour costs.[3 marks]

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