Subject: Cost Management & Accounting

QUESTION 5 From the following data, Prepare Cost of Good Sold Statement Material consumed = Rs. 150,000 [ 20 % Indirect] Labour incurred = 200,000 [ 75 % Direct ] Rent = 35,000 [ 20 % Office ] Fuel & Power = 45,000 [ 100% Factory ] Utilities Expense = 10,000 [ 35 % Factory ] Supervisor Salaries = 30,000 [ 60 % Factory ] Depreciation = 45,000 [ 10 % Furniture, 15% Office Building, 25% Factory Building & Remaining for Factory Machines] Inventories Opening Closing Raw material Rs. 45,000 80% of Opening W-I-Process 75% of Closing 80,000 Finished Goods 90,000 20% of Cost of Goods Manufactured