1. The following details have been obtained from the cost records of Sachin ltd.

Prepare
cost sheet.
Particulars Rs
Stock of raw materials on 1st Dec.1994 75,000
Stock of raw materials on 31st Dec.1994 91,500
Direct wages 52,500
Indirect wages 2,750
Sales 2,11,000
Work-in-progress 1st Dec.1994 28,000
Work-in-progress 31st Dec.1994 35,000
Purchase of raw materials 66,000
Factory rent, rates and power 15,000
Depreciation of plant and machinery 3,500
Expenses on purchase 1,500
Carriage outwards 2,500
Advertising 3,500
Office rent and taxes 2,500
Traveller’s wages and commission 6,500
Stock of finished goods (1st Dec.1994) 54,000
Stock of finished goods (31st Dec.1994) 31,000

2. Ascertain prime cost from the following data:

Rs
Direct wages 50,000
Chargeable expenses 5,000
Opening stock of raw materials 10,000
Raw materials bought during the period 60,000
Closing stock of raw materials 20,000
Carriage inwards 1,500
Carriage outwards 2,000
Raw materials returned to the supplier 1,500
[Ans: prime cost = Rs 1,05,000]

3. Calculate factory cost from the following particulars:

Rs.
Material consumed 60,000
Productive wages 20,000
Direct Expenses 5,000
Consumable stores 2,000
Oil grease/Lubricating 500
Salary of a factory manager 6,000
Unproductive wages 1,000
Factory rent 2,000
Repair and Depreciation on Machine 600
(Ans:Factory cost Rs.97,100)

4. From the following information, calculate the value of goods sold.

Rs.
Total Cost of Production 1,45,000
Opening stock of finished goods 22,000
Closing stock of finished goods 6,000
Selling and distribution overheads 25,000
Profit 22,000
(Ans: Total Cost Rs. 1,86,000 Profit Rs 22,000 Sales Rs 2,08,000)

5. ABC is manufacturing refrigerat9rs and the following details are furnished in respect of
its factory operations for the year ended 31stdec. 2001.
Rs. Rs.

Work in progress in the beginning

At prime cost 51,000
Manufacturing expenses 15,000
Work in progress in the end
At prime cost 45,000
Manufacturing expenses 9,000 54,000
Stock of raw materials in the beginning 2,25,000
Purchase of raw materials 4,77,000
Direct labour 1,71,000
Manufacturing fexpenses 84,000
Closing stick of raw materials 2,04,000
On the basis of above data, prepare a statement showing the cost of production.
Also indicaste separateley the amount of manufactuing expenses which enter into the cost of
production.