Question
A manufacturing company submits the following information on 03.31.2013. Prepare a cost sheet Sales for the year Inventories as on 1.4.2012 Materials WIP FG Raw
A manufacturing company submits the following information on 03.31.2013.
Prepare a cost sheet
Sales for the year Inventories as on 1.4.2012 Materials WIP FG Raw materials purchased Direct labour Chargeable expenses Inventories as on 31.3.2013 Materials WIP FG Other Expenses: Factory overheads @ 50% of direct labour Administration overheads @ 10% of works cost Selling overheads @ 5% of sales Rs. Rs. 275000 3000 4000 8000 110000 65000 10000 4000 6000 7000
Step by Step Solution
3.48 Rating (165 Votes )
There are 3 Steps involved in it
Step: 1
To prepare a cost sheet based on the information provided we need to calculate the various cost comp...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 StartedRecommended Textbook for
Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App