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Rent: Factory 10,000 Depreciation plant 1.000 Consumable store 5.000 Repairs and Renewal plant 7,000 35,000 Factory Cost 2,96,000 Administration Overheads: Rent Office 5.000 Depreciation office
Rent: Factory 10,000 Depreciation plant 1.000 Consumable store 5.000 Repairs and Renewal plant 7,000 35,000 Factory Cost 2,96,000 Administration Overheads: Rent Office 5.000 Depreciation office 2.500 Managers' salary 10.000 Directors' fees 2.500 Office stationery 1.000 Telephone charges 250 postage and telegrams 500 Office premises 1.000 Lighting: Office 1.000 23.750 Cost of production 3,18.750 Selling and distribution overheads: Carriage outward 750 Salesmen's salaries 2.500 Travelling expenses 1.000 Advertising 2.500 Warehouse charges 1.000 7.750 Cost of Sales 3,26,500 Profit 52,500 Sales 3,79.000 Exercise-2: Prepare the cost sheet to show total cost of production and cost per unit of goods manufactured by a company for the month of July, 2018. Also find out the cost of sales. Rs Rs 3,000 500 Stock of Raw Materials 1.7.2018 Raw Materials purchased Stock of Raw Materials 31.7.2018 Manufacturing Wages Depreciation of plant 3,000 Factory rent and rates 28,000 Office Rent 4,500 General Expenses 7,000 Dscount on sales 1,500 Advertisement exp. To be fully charged 400 300 600 61 S22 Loss on sale of a part of plant 300 Income tax paid 2.000 The number of units produced during the month of Jly, 2018 was 3,000. The stock of finished goods was 200 and 400 units on 1.7.2018 and 31.7.2018 respectively. The total cost of units on hand on 1.7. 2018 was Rs. 2,300.All these have been sold during the month
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