Question

{It is obligatory to answer question no: 01 & any 3 questions from question no (2-0) 1. What do you know about Cost Sheet? Explain different types of cost sheet with examples Sriram Corporation was an Indian shoe manufacturer. From the previously collected data provided below, prepare a cost sheet for period ended on 31st December, 2020. Rs, Stock of Material on 01.01.2020 Materials Purchased Materials returned to suppliers Direct Labour Direct Expenses Factory Expenses Office and Administrative Expenses Selling and Distribution Expenses Stock on Materials on 31.12.2020 Profit 6,720 150,000 2,000 50,000 20,000 15,300 8,000 7,900 7,720 10,000 2. Morgan Corporation is a shoe manufacturer. The company is currently selling 600 pairs shoes per month where each pair of shoes selling price is $600. The company's immovable cost is S 96000 and variable cost per pair of shoes is S 360. The owner of Morgan believes that an increase of $16500 in employee's training would rise the perfonnance of them which will eventually proliferation the sales up to 10% Should the Morgan invest on employee's training ? 3. What are the limitations of management accounting? Describe the distinctions between financial accounting and management accounting. D​

Answer 1

Answer:

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