[aydinabasov]

I watched many times and i got everything. Please help me about this question.
I though only specific overtime cost will be direct.

[aydinabasov]

Thank you very much sir 🙂

[aydinabasov]

My version is FOR EXAMS FROM 1 SEPTEMBER 2019 TO 31 AUGUST 2020

This is all question:
Given below is the forecast statement of profit or loss for a business for the three months ending 31
December together with forecast statements of financial position at that date and also at the previous 30
September.

FORECAST STATEMENT OF PROFIT OR LOSS
FOR THE THREE MONTHS ENDING 31 DECEMBER

$’000
Revenue 860
Cost of sales (600)
Gross profit 260
Depreciation (20)
Overheads (100)
Profit from operations 140

FORECAST STATEMENTS OF FINANCIAL POSITION

31 December 30 September
$’000 $’000 $’000 $’000

Non-current assets 1,050 760
Current assets
Inventory 100 100
Receivables 85 45
Cash 10 10

Total assets 1,245 915

Equity and liabilities
Equity share capital 600 600
Retained earnings 500 200
1100 800

Current liabilities
Payables 100 75
Accruals of overheads 45 145 40 115

Total equity and liabilities 1,245 915

Task 1
Calculate the actual cash receipts and cash payments for the quarter to 31 December.

Sales receipts
Purchase payments
Overhead payments

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