airtel ull a 2.63K/s23 1:02COST SHEET_CW.docxFrom the following information relating to Sharma Industries Ltd. For the year ending 31stMarch, 2016, you are required to prepare statement of cost showing a) Prime Cost b)FactoryOverhead c) Factory Cost d) Total Cost e) Profit & Loss for the period assuming the companymanufactured 5,000 units and sold 4,500 units. There was no opening stock of finished goods.ParticularsRs.Direct wages2,40,000Direct materials purchased3,22,000Purchase returns13,000Drawing office salariesCarriage on direct materials3,1004,200Chargeable expenses on materials2,800Provision for bad debts2,400Office ExpensesFactory rent and ratesDepreciation on plant6,40014,6008,6003,000Showroom rentMisc. Selling Expenses3,200Office Lighting9003,4002,800Factory Gas and waterPowerFactory cleanerSalesman Travelling expensesShowroom telephone expensesLabour welfare expenses2,0006,0001,5004,600Sale of scrap450Factory Supervision3,500Sales640,000

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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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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