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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
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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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
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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