1] Following information obtained from a manufacturing company:
1] Following information obtained from a manufacturing company:
Direct Material – 150000
Office Expenses – 120000
Factory Expenses – 90000
Total Sales – 650000
Prime Cost – 450000
15% of the output is in stock
Calculate: (a) Direct Expenses (b) Factory Cost (c) Cost of Production (d) Cost of Sale (e)Profit
Solution:
Cost Sheet | Amt |
Direct materials
Direct wages (Prime cost minus Direct materials) Prime Cost Factory expenses Factory Cost Office expenses Cost of Production Less: closing stock of finished goods 15% of 6,60,000 -99,000 Cost of Sales Profit (balancing figure) |
1,50,000
3,00,000
4,50,000 90,000 5,40,000 1,20,000 6,60,000
5,61,000 89,000 |
SALES | 650000 |
It is assumed that there are no raw materials in stock
for solution contact us :
SMU MBA fall-2017
Dear Students,
SMU MBA fall-2017 Assignments are available. For Booking ,Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420 we will reach back you with in 24H ”