The following particulars relate to a slate Manufacturing Company
m Cool for January 2015
(1) State quarried 10,000 tons on which royalty @ 20 per ton paid.
(2) Wages 4,00,000 ; Coal * 1,00,000
(3) Internal Transport * 2,00,000
(4) Works overhead 20% on direct charges.
(5) Office overhead 10% on works cost.
(6) Cost of removal of overburden 10 paise per slate manufactured.
(7) Opening stock 10,000 slates.
s bein (8) Manufactured slate purchased * 20,000 10 per
slate.
(9) Slates sold * 1,00,000 20 per slate.
125s (10) Closing stock 30,000 slates.
(11) Selling expences * 1 per slate sold.
Prepare a cost sheet and statement of profit of slate company.
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