Question
Prepare a cost sheet from the following Particulars ( Self Practice ) Particular Amount ( OMR ) Raw material opening 10,000 WIP opening 24,000 Raw
Prepare a cost sheet from the following Particulars( Self Practice)
Particular | Amount (OMR ) |
Raw material opening | 10,000 |
WIP opening | 24,000 |
Raw material closing | 5,000 |
WIP closing | 16,000 |
Indirect labor engaged in production | 23,000 |
Salary to managing director | 20,000 |
Raw material purchased | 60,000 |
Salary to factory foremen | 2,000 |
Rent, insurance of office building | 8,000 |
Salary of accountant | 6,000 |
Wages paid to factory workers on piece rate basis | 42,000 |
Electricity charges of the factory | 2,300 |
Electricity charges of the office | 5,000 |
Spares, oil , lubricants used in factory | 1,000 |
Petrol expenses of cars used by office staff | 3,500 |
Diesel expenses to run the machines in factory | 7,000 |
Canteen expenses of office staff | 1,600 |
Depreciation of office computers | 1,400 |
Depreciation of plant and equipment (factory) | 2,000 |
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