ABC Ltd. Incurred audit fees of Rs.

17000, gas & water of office RS 1000,

employees salaries
Rs 12000 they have paid director fees of Rs 7000.
Depreciation on office appliances is Rs 20000.ABC Ltd. Have paid office rent of
Rs 15000 for the year 2013 , Co. have sod 4000 fans @ Rs 500 each to sell these
fans co. had gain commission to whole seller @rs 4 per fan, they have also
incurred packaging expense of rs 9000 Co. have decided to give cash discount to
whole seller who will repay their debt within 15 days of sale where as ordinary
credit period is 1 month . Due to this policy company had allowed cash discount
of rs 7000.
In this year-end Co. has left with the raw material amounting to rs 300000
Prepare cost sheet for the year 2013
Cost sheet of ABC Ltd. (output=4000)
Particulars
unit cost

T.cost

Opening stock

200000

+ purchase

1500000

- cl stock

300000

Salary to employees

1400000
55000

Bonus to employees

30000

Overtime wages

15000

Freight charges

25000

Carriage inward

15000

Excise duty

20000
Prime cost

1560000

390

Factory O/H
Dept A

95416

Dept b

104124

Dept c

63200
Work cost

455.685
Office & admin O/H

1822740

Per

Audit fees
Gas &water

17000
1000

Manager salaries

12000

Director fees

7000

Dep. On office appliances

Office rent
Cost of production
473.685

20000
15000
1894740

Selling & distribution O/H

Commission

16000

Packing expenses

9000

Discount allowed

7000

Cost of sales
481.685

1926740

Profit
18.315

73260

Sales
500

2000000

Made byAnkit Chaturvedi fb13069

Aman sethi
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Ankit sharma
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