Question

6 Office Overhead : 60% of works overhead.
ost of Goods Sold 7 1,06,837.50, Total Loss
200; Works Cost
The following particulars have been extracted from the books of the India Slate Co. Ltd. for the year
Slate quarried 6,500 ton all of which was used.
Wages : 750 per 1,000 Slates made.
Royalties: * 1.50 per ton of Slate quarried
* Works Overhead : 20% on wages.
5. Internal Carriage: 32,500.
31st March, 2014:
Stock of Slate on 1st April, 2013: 30,00,000 valued at 3 60 per 1,000 Slates
Slates seld during the year. 70 lakh at 3 90 per 1,000 Slates
è Stock of Slates on 31st March, 2014: 25 lakh to be valued at cost during the year.
Prepare Cost Sheet and ascertain (a) Cost of each 1,000 Slates made and fb) Profit for the year.
ins. Total Cost of 65 lakh Slates, 74,71,250. (a) 72.50, (b) 3 1,60,000.​

Answer 1

Answer:

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Explanation:

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