Question

The accounts of Basudev Manufactures Ltd. for the year ended 31st December 1988 show the following prepare a cost sheet
Stock of material on 1.1.96 6720
Material Purchased 150000
Material Return to suppliers 2000
Direct labour 50000
Direct Expenses 20000
Factory Expenses 15300
Office and Administration Expenses 8000
Selling and distribution overheads 7900
Stock of material on 31/01/1996 7720
profit 10000

Answer 1

Explanation:

The accounts of Basudev Manufactures Ltd. for the year ended 31st December 1988 show the following prepare a cost sheet

Stock of material on 1.1.96 6720

Material Purchased 150000

Material Return to suppliers 2000

Direct labour 50000

Direct Expenses 20000

Factory Expenses 15300

Office and Administration Expenses 8000

Selling and distribution overheads 7900

Stock of material on 31/01/1996 7720

profit 10000