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cost sheet question The following information was received from the books of Sheetal & Co. for the quarter ending on March 31, 2009. Particulars Stock
cost sheet question
The following information was received from the books of Sheetal & Co. for the quarter ending on March 31, 2009. Particulars Stock of material on 31-3-2009 Stock of material on 01-1-2009 Purchase of materials Office Travelling expenses Carriage inwards Carriage outwards Drawing office Salaries Depreciation on plant Factory rent, rates and insurance Office rent, rates and insurance Showroom expenses Productive wages paid Repairs of machine, plant & tools Expenses of Office stationery Travelling Salesmen's salaries and commission Depreciation on office furniture Director's fees Rs. 70,000 1,00,000 8,03,290 5,100 4,500 9,150 7,000 8,000 11,200 29.100 9,000 2,27,000 10,000 11,350 9,000 700 8,000 Productive wages paid Repairs of machine, plant & tools Expenses of Office stationery Travelling Salesmen's salaries and commission Depreciation on office furniture Director's fees Factory Fuel, gas and water Manager's salary Income tax paid Donations Office Expenses Air conditioning charges (office) Labour welfare expenses Outstanding productive wages Sales 2,27,000 10,000 11,350 9,000 700 8,000 17,900 18,000 12,000 4,600 5,000 4,000 7,200 33,000 13,70,000 Prepare cost sheet giving following information, assuming manager devotes 2/3 of his time to factory. Material used Prime Cost Works overhead and its percentage on wages Factory cost Net Profit and its percentage on total cost. ivStep by Step Solution
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