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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 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. c. the following particulars relate to a company for a period of Three months: Raw materials (1-1-2012) 55,000 Raw materials (31-3-2012) 35,000 Factory wages 80,000 Materials purchased 60,000 Sales 1,54,000 Indirect expenses 10,000 Stock of finished goods (1-1-2012) NIL Stock of finished goods (31-3-2012) 30,000 No. Of units produced during the period was 2,000. Prepare a statement of cost for the period and compute the price to be quoted for 500 units in order to realise the same profit as for the period under review, assuming no alternation in wages and cost of materials