Materials purchased 1,85,000Travelling Expenses 2,100
Traveller’s Salaries & Commission
7,700Productive Wages 1,26,000Depreciation:Plant, Machinery & Tools 6,500Furniture 300
Director’s Fees 6,000
Gas and water --- Factory 1,200---Office 400Stock of Materials :31
Dec.2007 48,000Income Tax 500
factory and 1/4 office) 10,000General Expenses 3,400Dividend 1,000Prepare statement giving the following information:a. Materials consumed b.Prime Cost c.Factory Cost d.Cost of Production e.Total Costf. Net Profit..9. The modern manufacturing company submits the following information on 31
March 2005:Rs. Rs.Sales for the year 2,75,000Inventories at the beginning of the year:Finished goods 7,000Work-in-progress 4,000Purchase of materials for the year 1,10,000Materials Inventory:At the beginning of the year 3,000At the end of the year 4,000Direct labour 65,000Factory overhead 60% of the direct labour costInventories at the end of the year:Work in progress 6,000Finished goods 8,000Other expenses for the year:Selling expenses 10% of salesAdministrative expenses 5% of salesPrepare a statement of cost and profit.