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Illustration 2: From the following particulars, prepare a cost sheet for the year ending 31-12-2011. Opening stock of raw materials (1-1-2011) Purchases of raw materials
Illustration 2: From the following particulars, prepare a cost sheet for the year ending 31-12-2011. Opening stock of raw materials (1-1-2011) Purchases of raw materials Closing stock of raw materials (31-12-2011) 50,000 1,60,000 80,000 255 Wages - productive 1,50,000 general 20,000 Chargeable expenses 40,000 Rent, rates and taxes - factory 10,000 Rent, rates and taxes - office 1,000 Depreciation on plant and machinery 3,000 Salary - office 5,000 Salary - travellers 4,000 Printing and stationery 1,000 Office cleaning and lighting 800 Repairs and renewals (factory) 6,400 Other factory expenses 5,000 Management expenses (including managing Director's fees) 24,000 Travelling expenses of salesmen 2,200 Showroom expenses and samples 2,000 Carriage and freight - outwards 2,000 Carriage and freight - inwards 9,000 Octroi on purchases 1,000 Advertisement 30,000 Sales 4,60,000 Management expenses should be allocated in the ratio of 2:1:3 on factory, office and sales departments
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