Finished Stock as on March 31, 2011 450000 200000 120000 Salaries (Factory) 15350 10000 5000 Office salaries 25000 15000 5000 Denim Particulars Jeans Denim Skirts Handbags Carriage on purchases 12000 000 2000 Carriage on sales 13000 5000 2000 Cash discount allowed 1800 550 400 Bad debts written off 1500 500 Repairs of plant, machinery, and tools 4000 1600 Rent, rates, taxes, and insurance (factory) 12000 6000 2000 Rent, rates, taxes, and insurance (office) 2000 700 300 Traveling expenses 7000 5000 3000 Traveler's salaries and commission 20000 13000 7000 Productive wages 300000 120000 180000 Depreciation written off on plant, machinery, tools 9000 3000 2000 Depreciation written off on office furniture 1800 400 200 Director's fees 15000 7000 3000 Dyeing and water charges (factory) 3000 1500 500 Gas and water charges (office) 850 300 100 General charges 12750 5000 3000 Manager's salary (Office) 800 5000 2000 Manager's salary (factory) 10000 5900 5000 Advertising 28000 21000 8750 Required: 1) Vipin told Kesar Bajaj that a 6 % decline in profit on sales was expected in 2011. If the given information is correct then what would be the selling price of a pair of jeans for the year ending March 31, 2011? 2) Can you help Kesar Bajaj in getting the total cost estimate of all the three products - Jeans, Denim Skirts, and Denim Handbags? If yes, what is the total cost of all three products? 3) You are required to reconcile the profit with the Income Statement. 4) Do you think the decision of the company to add two new products was beneficial? If yes, how