Question

8. From the following information:
Stock of raw materials as on 1st January - Rs 25,000; Stock of raw materials as on 31st January - Rs 26,200; Purchase of Raw Materials - Rs. 21,900; Carriage on Purchases - Rs. 1,100; Sales of Finished Goods Rs. 72,300; Direct Wages Rs. 17,200; Non-Productive wages - Rs. 800; Direct Expenses Rs. 1,200; Factory Overhead Rs. 8,300; Administrative Overhead - Rs. 3,200; Selling Overhead - Rs. 4,200.
Calculate the works cost.
a) Rs 48,500
b) Rs 49,300
c) Rs 47,100
d) Rs 48,200

Answer 1

Here’s your answer…

opening stock=25000
purchase of material=21900
carriage=1100
Direct wages=17200
Non productive wages=800
Direct expenses=1200
Factory overhead=8300
Administrative overhead=3200
selling overhead=4200
totalexpenses=25000+21900+1100+17200+
800+1200+8300+3200+4200=82900
Total income
closing stock 26200
sale 72300
total 98500
profit=98500 -82900=15600

Hope it helps<3
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Answer 2

Answer:

49300

Explanation:

opening stock raw materials 25000

+purchase of raw materials 21900

- closing stock of raw materials 26200

+ carriage inwards 1100

+ direct wages 17200

+ direct expense 1200 = prime cost 40200

prime cost + factory over head + unproductive wages = work cost

(40200+8300+800)