The cost sheet of PQR is as under Raw Material Direct Labour Over Heads Including Depreciation of Rs 10 Total Profit SP Rs 50 Rs 20 Rs 40 Rs 110 Rs 20 130 Average Stock of Raw Material, WIP, Credit Allowed to debtors, Credit allowed by creditors lag in payment of wages, overheads and Avg finished goods is 1 month 25% of sales are cash sales You may assume that minimum cash balance to be Rs one lakh. Estimate the working capital for 54000 units of output
The cost sheet of PQR is as under Raw Material Direct Labour Over Heads Including Depreciation of Rs 10 Total Profit SP Rs 50 Rs 20 Rs 40 Rs 110 Rs 20 130 Average Stock of Raw Material, WIP, Credit Allowed to debtors, Credit allowed by creditors lag in payment of wages, overheads and Avg finished goods is 1 month 25% of sales are cash sales You may assume that minimum cash balance to be Rs one lakh. Estimate the working capital for 54000 units of output
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Ef 283
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 2 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