Question

Direct Material 3,20,000; Direct Wages 8,00,000; Production Overheads (25% variable)
4,80,000; Administration Overheads (75% Fixed) 1,60,000; Selling and Distribution
Overheads (2/3rd Fixed) 2,40,000; Sales @ 125 per unit * 25,00,000.
For the year 2014-2015, it is estimated that : (1) Output and sales quantity will increase
by 20% by incurring additional Advertisement Expenses of 45,200. (2) Material Prices
will go up 10%. (3) Wage Rate will go up by 5% along with, increase in overall direct labour
efficiency by 12%. (4) Variable overheads will increase by 5%. (5) Fixed production
overheads will increase by 33/3%.
Required :
(a) Calculate the Cost of Sales for the year 2013-2014 and 2014-2015.
(6) Find out the new selling price for the year 2014-2015.
(i) if the same amount of profit is to be earned as in 2013-2014,
(ii) if the same percentage of profit to sales is to be earned as in 2013-2014,
(iii) if the existing percentage of profit to sales is to be increased by 25%,
(iv) if profit per unit 10 is to be earned.
S. [(a) Cost of Sales 2013-14—20,00,000; 2014-2015–24,30,000. (b) Selling Price
-(i) 122.08; (ii) 126.5625; (iii) 135; (iv) *111.25 )
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Answer 1

Answer:

Direct Material 3,20,000; Direct Wages 8,00,000; Production Overheads (25% variable)

4,80,000; Administration Overheads (75% Fixed) 1,60,000; Selling and Distribution

Overheads (2/3rd Fixed) 2,40,000; Sales @ 125 per unit * 25,00,000.

For the year 2014-2015, it is estimated that : (1) Output and sales quantity will increase

by 20% by incurring additional Advertisement Expenses of 45,200. (2) Material Prices

will go up 10%. (3) Wage Rate will go up by 5% along with, increase in overall direct labour

efficiency by 12%. (4) Variable overheads will increase by 5%. (5) Fixed production

overheads will increase by 33/3%.

Required :

(a) Calculate the Cost of Sales for the year 2013-2014 and 2014-2015.

(6) Find out the new selling price for the year 2014-2015.

(i) if the same amount of profit is to be earned as in 2013-2014,

(ii) if the same percentage of profit to sales is to be earned as in 2013-2014,

(iii) if the existing percentage of profit to sales is to be increased by 25%,

(iv) if profit per unit 10 is to be earned.

S. [(a) Cost of Sales 2013-14—20,00,000; 2014-2015–24,30,000. (b) Selling Price

-(i) 122.08; (ii) 126.5625; (iii) 135; (iv) *111.25 )

Answer 2

Answer:

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