Question

50% of raw material consumed
* 87,000
40% of prime cost
20% of works cost
* 2-50 per unit
40,000 units
20%
Direct wages
Direct expenses
Direct labour
Direct expenses
Factory overhead
Administration overhead
Selling and distribution overhead
Units produced and sold
Percentage of profit on sales
A Factory produces a standard product. The following information is given to you from which
you are required to prepare a Cost Sheet for the month of September, 2013 :
Raw materials consumed
* 1,50,000
* 60,000
* 15,000
Factory overhead
50% of direct wages
Administration overhead
20% of works cost
Sale of scrap of materials
* 1,500
Selling and distribution overhead
* 2 per unit sold
Units produced and sold
10,000 units
Profit is to be maintained @ 20% on cost.
Prepare a statement showing:
(a) Cost of materials consumed ; (b) Works cost ; (C) Cost of production ; (d) Cost of goods
sold ; (e) Total cost ; and (f) Profit earned :
₹ F
₹
Opening stock of :
64,000
Raw materials
8,000
30,000
Finished goods
13,000 Sale of finished goods
2,50,000
Works overhead
15,000 Closing stock of
Selling overhead
20,000 Raw materials
Direct wages
Office expenses
14 m​

Answer 1

Answer:

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