You are the chief of the cost accounting department ABC Ltd. Your organization
manufactures shoes. The following figures have been extracted from the account books
relating to the production of shoes for the year 2021:
Expenditure Head Amount (Rs.)
Raw materials consumed (Including abnormal wastages of Rs.10,000) 5,10,000
Direct wages 4,00,000
Factory overheads 1,00,000
Tools consumed 10,000
Depreciation of Machines (Factory) 5,000
Machines imported 1,00,000
Works expenses (Misc.) 50,000
Office expenses 25,000
Overheads for office 40,000
Director’s salary 50,000
Stationery and printing (office) 5,000
Depreciation of materials (office) 1,000
Selling & Distribution expenses 25,000
Entertainment of buyers 20,000
Advertising 30,000
Dividends paid 1,00,000
Prepare a cost analysis statement after considering that the profit rate is 20% on sale and
wages outstanding is Rs. 25,000.
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Academics Department, The Institute of Cost Accountants of India (Statutory ... (iii) In Reconciliation Statement expenses shown only in financial accounts ... (a) ZINTES LTD. a manufacturing company has its factories at two locations. ... (b) The following information has been extracted from the financial books of ABC Ltd. for.
Explanation:
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