Question

1) Income tax
20. A manufacturer presents the following details about the various expenses incurred
Rs.
Raw materials consumed
70,000
Carriage inwards
2,000
Factory rent
2,400
Had debts
440
Printing and stationery
620
Legal expenses
350
Carriage outwards
1,540
Indirect materials
560
Power
4,600
Depreciation of furniture
160
Postage expenses
465
Repairs of plant and machinery
1,200
Salesmen's expenses
3,400
Advertising
500
Direct wages
85.000
General manager's salary
36,000
Factory manager's salary
18,000
Depreciation on plant and machinery
1,240
Audit fees
350
Classify the above expenses under the various elements of cost showing separately
the total expenditure under each element.​

Answer 1

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