Particulars Per Unit (Rs) Total (Rs) A . 13.00 7.50 D 20.50 4.50 E F Direct Material cost (10,000 Rs. 13] Direct Labour cost (10,000 Rs. 7.50] Prime Cost (A + B] Factory Overheads (60% of Rs. 75,000) Factory Cost C + D] Add : Administration Overheads (20% of Rs 2,50,000) Cost of Goods Produced [E + F]. Add Opening Stock of Finished Goods (500 19.75] Less : Closing Stock of Finished Goods (250 30) Cost of Goods Sold [H + 1] 25.00 5.00 1,30,000 75,000 2,05,000 45,000 2,50,000 50,000 3,00,000 9,875 7,500 G H 1. 30.00 19.75 30.00 J 29.50 3,02,375 926 Particulars Total (Rs) Total (RS) 2.50 L M Add : Selling Overheads [10,250 Rs 2.50] Cost of Sales (J + K] Add : Profit Sales 32.00 8.00 40.00 25,625 3,28,000 82,000 4,10,000 N PROBLEM 1.13 From the following information, prepare a Cost Sheet 1. Opening Closing Raw Materials: Rs. 29,500 Rs. 36,000 Work-in-progress : Materials 13,600 12,000 Wages 11,000 16,500 Works overheads 6,600 9,900 Finished Goods : 200 units @ Rs 84 1600 units 2 Purchases of raw material Rs. 1,90,000, Carriage on purchases Rs. 1,500, Sale of scrap of raw materials Rs. 5,000 3 Wages Rs 2,97,000 4 Works overheads are absorbed @ 60% of direct labour cost. 5 Administration overheads are absorbed @ Rs. 12 per unit produced. 6. Selling & distribution overheads are absorbed @ 20% of selling price. 7 Sales 7600 units at a profit of 10% on sales price