Çost sheet,
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Cost sheet, Tenders and Quotations
2 The following cost data are available from the books for the year ended 31-12-95:
2.41
Rs.
Direct material
9,00,000
Direct wages
7,50,000
Profit
6,09,000
Selling and distribution overheads
5,25,000
Administrative overheads
4,20,000
Factory overheads
4,50,000
Frepare a cost sheet indicating the prime cost, works cost, production cost, cost
of sales and sales value.
[Madras, B.A. Corp., Sep. 1997]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71b41f75-3515-4996-9baf-e88ef0c3a897%2Fec0b9ef9-e91e-40d9-8e66-786912d85f28%2Fqszw6fm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cost sheet, Tenders and Quotations
2 The following cost data are available from the books for the year ended 31-12-95:
2.41
Rs.
Direct material
9,00,000
Direct wages
7,50,000
Profit
6,09,000
Selling and distribution overheads
5,25,000
Administrative overheads
4,20,000
Factory overheads
4,50,000
Frepare a cost sheet indicating the prime cost, works cost, production cost, cost
of sales and sales value.
[Madras, B.A. Corp., Sep. 1997]
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education