Question
A manufacturing company submits the following information on 31.03.2013. Particulars Rs. Sales for the year 275,000 Inventories as on 1.4.2012 Materials 3,000 WIP 4,000 FG
A manufacturing company submits the following information on 31.03.2013.
Particulars Rs.
Sales for the year 275,000
Inventories as on 1.4.2012
Materials 3,000
WIP 4,000
FG 8,000
Raw materials purchased 110,000
Direct labour 65,000
Chargeable expenses 10,000
Inventories as on 31.3.2013
Materials 4,000
WIP 6,000
FG 7,000
Other Expenses: Factory overheads @ 50% of direct labour
Administration overheads @ 10% of works cost
Selling overheads @ 5% of sales
Can you please help in preparing a cost sheet
Step by Step Solution
3.65 Rating (155 Votes )
There are 3 Steps involved in it
Step: 1
Cost Sheet for the Year Ending 31032013 StepbyStep Calculations 1 Direct Material Consumed Opening Inventory of Materials Rs 3000 Add Purchases Rs 110...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
