Question

The account of basudev manufactures ltd, for the year ended 31st december 1998 show the following ; stock of materials on 1.1.88 rs 6,720 , materials purchased rs 1,50,000, materials returned to suppliers rs 2,000, direct labour rs 50,000, direct expenses rs 20,000, factory expenses rs 15,300 , office and administartive expenses rs 8,000, selling and distribution expenses rs 7,900, stock of materials on 31.12.88 rs 7,720, profit rs 10,000 find cost sheet of material

Answer 1

TOTAL COST OF MATERIAL 248200

Explanation:

this Question is Related to calculation of cost in Manufacturing concern

There is 2 way for Calculation of total cost

1. Manufacturing Account

2. COST SHEET

In this Question we use COST SHEET

Cost sheet is a simple format in which we add all cost

and their expenses one by one

In starting we add Direct expenses , Direct Labour and Direct material

further we add indirect material, labour and expenses

in their systematic manner (in this Question only few items are given)

many item can be given in another question

Indirect cost consist of :

factory, office and selling expenses

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Answer 2

Answer:

TOTAL COST OF MATERIAL IS 248200