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Gabriel Operating Cycle,NIT DURGAPUR

Gabriel Operating Cycle,NIT DURGAPUR

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Published by sarangdhar

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Published by: sarangdhar on Apr 27, 2009
Copyright:Attribution Non-commercial

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05/11/2014

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Statement Of Cost
Sl. No.ParticularsRupees in MillionRupees in Million
1Purchase of raw materials3,372.242Opening Raw Materials184.083Closing Raw Materials219.024
Raw Material Consumed(1+2)-33337.35Direct Labour*176.926Prime Cost(4+5)3514.22
7
Other Manufacturing Expenses
8Depriciation15.89Power & Fuel 122.8210Rent16.611Repairs & Maintainance (Machinery)61.4512Rates & Taxes**23.64
13Total manufacturing expenses240.3114Gross Works Cost(7+13)3754.53
15Opening Work in Progress78.4716Closing Work in Progress82.17
17Net change in Work in Progress(15-16)-3.718Net Works Cost(14+17)3750.83
19
Administrative Expenses
20Insurance17.9521Repairs & Maintainance(Building,others)31.9522Freight64.9323Printing & Stationary8.3624Salary*(294*0.4+36.11+52.16)206.2125Rates & Taxes**11.8226Legal & Professional76.4427Directors' Fee0.14
28Total Admistrative Expenses417.8029Cost Of Production(18+28)4168.63
30Opening Finished Goods121.2631Closing Finished Goods135.63
 
32Net Change in Finished goods(30-31)-14.3733Cost Of Goods Sold(29+32)4154.26
34
Selling & Distribution Expenses
35Advertisement and sales Promotion36.936Discount88.9537Warranty41.5738Travelling & Conveyance72.6139Communication16.1840
Total Selling & Distribution Expenses256.21
4142
Cost Of Sales(33+40)4410.47
 
OPERATING CYCLE CALCULATION
Sl.No.ITEMSRupees in Million
1Raw Material Conversion Period(a)Raw Material Consumption3337.3(b)Raw Material consumption Per Day(a/360)9.3©Raw Material Inventory219.02
(A)(d)Raw Material Inventory Holding Days(c/b)24
2Work-In- Progress Conversion Period(a)Cost Of Production4168.63(b)Cost Of Production Per Day(a/360)11.6©Work-In- Progress Inventory82.17
(B)(d)Work-In-Progress Inventory Holding Per Day(c/b)7
3Finished Goods Conversion Period(a)Cost Of Goods Sold4154.26(b)Cost Of Goods Sold Per Day(a/360)11.5©Finished Goods Inventory135.63
 ©(d)Finished Goods Inventory Holding Days(c/b)12
4Collection Period(a)Credit Sales***4,852.43(b)Sales Per Day(a/360)13.48©Debtors681.44
(D)(d)Debtors Outstanding Days(c/b)51
5Creditors Defferal period(a)credit Purchase3,372.24(b)Purchase Per Day(a/360)9.37©Creditors 468.26
(E)(d)Creditors Outstanding Days(c/b)50
Note:
*---Direct labour is assumed to be 60%& salary to be 40%**---rates and Taxes 2/3rd is assumed to be factory &1/3rd to be office***----All sales are assumed on credit

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