From the following information relating to Sharma Industries Ltd. For the year ending 31st March, 2016, you are required to prepare statement of cost showing a) Prime Cost b)Factory Overhead c) Factory Cost d) Total Cost e) Profit & Loss for the period assuming the company manufactured 5,000 units and sold 4,500 units. There was no opening stock of finished goods. Particulars Rs. Direct wages Direct materials purchased 2,40,000 3,22,000 13,000 Purchase returns Drawing office salaries Carriage on direct materials Chargeable expenses on materials 3,100 4,200 2,800 2,400 Provision for bad debts Office Expenses Factory rent and rates Depreciation on plant 6,400 14,600 8,600 Showroom rent 3,000 Misc. Selling Expenses 3,200 Office Lighting 900 Factory Gas and water 3,400 Power 2,800 Factory cleaner Salesman Travelling expenses Showroom telephone expenses Labour welfare expenses Sale of scrap Factory Supervision 2,000 6,000 1,500 4,600 450 3,500 640,000 Sales
From the following information relating to Sharma Industries Ltd. For the year ending 31st March, 2016, you are required to prepare statement of cost showing a) Prime Cost b)Factory Overhead c) Factory Cost d) Total Cost e) Profit & Loss for the period assuming the company manufactured 5,000 units and sold 4,500 units. There was no opening stock of finished goods. Particulars Rs. Direct wages Direct materials purchased 2,40,000 3,22,000 13,000 Purchase returns Drawing office salaries Carriage on direct materials Chargeable expenses on materials 3,100 4,200 2,800 2,400 Provision for bad debts Office Expenses Factory rent and rates Depreciation on plant 6,400 14,600 8,600 Showroom rent 3,000 Misc. Selling Expenses 3,200 Office Lighting 900 Factory Gas and water 3,400 Power 2,800 Factory cleaner Salesman Travelling expenses Showroom telephone expenses Labour welfare expenses Sale of scrap Factory Supervision 2,000 6,000 1,500 4,600 450 3,500 640,000 Sales
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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23 1:02
COST SHEET_CW.docx
From the following information relating to Sharma Industries Ltd. For the year ending 31st
March, 2016, you are required to prepare statement of cost showing a) Prime Cost b)Factory
Overhead c) Factory Cost d) Total Cost e) Profit & Loss for the period assuming the company
manufactured 5,000 units and sold 4,500 units. There was no opening stock of finished goods.
Particulars
Rs.
Direct wages
2,40,000
Direct materials purchased
3,22,000
Purchase returns
13,000
Drawing office salaries
Carriage on direct materials
3,100
4,200
Chargeable expenses on materials
2,800
Provision for bad debts
2,400
Office Expenses
Factory rent and rates
Depreciation on plant
6,400
14,600
8,600
3,000
Showroom rent
Misc. Selling Expenses
3,200
Office Lighting
900
3,400
2,800
Factory Gas and water
Power
Factory cleaner
Salesman Travelling expenses
Showroom telephone expenses
Labour welfare expenses
2,000
6,000
1,500
4,600
Sale of scrap
450
Factory Supervision
3,500
Sales
640,000"
Transcribed Image Text:airtel ull a 2.63K/s
23 1:02
COST SHEET_CW.docx
From the following information relating to Sharma Industries Ltd. For the year ending 31st
March, 2016, you are required to prepare statement of cost showing a) Prime Cost b)Factory
Overhead c) Factory Cost d) Total Cost e) Profit & Loss for the period assuming the company
manufactured 5,000 units and sold 4,500 units. There was no opening stock of finished goods.
Particulars
Rs.
Direct wages
2,40,000
Direct materials purchased
3,22,000
Purchase returns
13,000
Drawing office salaries
Carriage on direct materials
3,100
4,200
Chargeable expenses on materials
2,800
Provision for bad debts
2,400
Office Expenses
Factory rent and rates
Depreciation on plant
6,400
14,600
8,600
3,000
Showroom rent
Misc. Selling Expenses
3,200
Office Lighting
900
3,400
2,800
Factory Gas and water
Power
Factory cleaner
Salesman Travelling expenses
Showroom telephone expenses
Labour welfare expenses
2,000
6,000
1,500
4,600
Sale of scrap
450
Factory Supervision
3,500
Sales
640,000
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