Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a cost sheet from the following information : 1.4.2018 30.4.2018 Rs. Rs. Stock of raw materials 26,000 15,000 Work-in-progress 15,000 10,000 Finished goods 40,000

Prepare a cost sheet from the following information : 1.4.2018 30.4.2018 Rs. Rs. Stock of raw materials 26,000 15,000 Work-in-progress 15,000 10,000 Finished goods 40,000 51,000 Purchase of raw-materials 1,74,000 Wages : Direct 73,000 Indirect 17,000 Rent and rates : Factory 24,800 Office 18,750 Warehouse 10,500

1.4.2018 30.4.2018 Rs. Rs. Salaries : Factory 55,500 Office 50,250 Salesmen 47,750 Expenses : Direct 18,500 Indirect 16,200 Depreciation : Plant and machinery 14,000 Office Building 12,000 Delivery Van 7,500 Income tax 4,500 Dividend 6,000 Debenture interest 5,400 Sales 5,80,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Financial System Reform In A Transition Economy A Case Study Of Russia

Authors: Robert W. McGee, Galina G. Preobragenskaya

4th Edition

0387238476, 9780387238470

More Books

Students also viewed these Accounting questions

Question

=+5. How they might use the product (usage effect).

Answered: 1 week ago