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the following particulars have been extracted from the books of a manufacturing comp 674696

The following particulars have been extracted from the books of a manufacturing company for the month of March, 2011:

 

Rs

 Stock of materials as on 1st March, 2011  

47,000

 Stock of materials as on 31st March, 2011  

50,000

 Materials purchased during the month  

2,08,000

 Drawing office salaries  

9,600

 Counting house salaries  

14,000

 Carriage on purchases  

8,200

 Carriage on sales  

5,100

 Cash discount allowed  

3,400

 Bad debts written off  

4,700

 Repairs of plant, machinery and tools  

10,600

 Rent, rates, taxes and insurance (factory)  

3,000

 Rent, rates, taxes and insurance (office)  

1,000

 Travelling expenses  

3,100

 Travellers‘ salaries and commission  

8,400

 Productive wages  

1,40,000

 Depreciation written off on plant, machinery and tools  

7,100

 Depreciation written off on office furniture  

600

 Directors‘ fees  

6,000

 Gas and water charges (factory)  

1,500

 Gas and water charges (office)  

300

 General charges  

5,000

 Manager‘s salary  

12,000

Out of 48 working hours in a week, the time devoted by the Manager to the factory and office was on an average 40 hours and 8 hours respectively throughout the month. 1,00,000 units were produced and sold; there was no opening or closing stock of it.

Prepare a cost sheet showing the following:

(i) Cost of Materials Consumed;

(ii) Prime Cost;

(iii) Works Overhead;

(iv) Works Cost;

(v) Office and Administration Overhead;

(vi) Cost of Production;

(vii) Selling and Distribution Overhead; and

(viii) Total Cost or Cost Sales.

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