Required No.

1 :
M/S V. Corporation
Statement of Cost Of Good Manufactured
For The Year Ended ____________
Particulars Amount
Raw Material Opening 20,000
Raw Material Purchased 480,000
Raw Material Available For Use 500,000
Less: Raw Material Closing (30,000)
Raw Material Used 470,000
Direct Labor 90,000
Prime Cost 560,000
Add: Manufacturing Overhead 300,000
Manufacturing Cost 860,000
Add: Work In Process Inventory 50,000
Cost Of Goods To Manufatured 910,000
Less: Work In Process Closing (40,000)
Cost OF Goods Manufactured 870,000

Required No. 2 :
Finished Goods Closing Inventory Units
Production In Units 29,000
Sales Unit (1,300,000 / 50) 26,000
Finished Goods Closing Inventory Units 3,000

Finished Goods Closing Inventory US $

Production In Units 29,000
Cost Of Good Manufactured 870,000
Average Cost Per Unit (870,000 / 29000) 30
Finished Goods Closing Inventory US $ 90,000

Required No. 3:
M/S V. Corporation
Statement of Comprehensive income
For The Year Ended ____________
Particulars Amount
Sales 1,300,000
Less: Cost Of Good Sold (W-!) (780,000)
Gross profit 520,000
Less: Selling and Adminitrative Expense (380,000)
Net Profit 140,000

W-1 :
 M/S V. Corporation
Statement of Cost Of Good Sold
For The Year Ended ____________
Particulars Amount
Finished Good Opening 0
Add: Cost Of Good Manufactured 870,000
Cost Of Good Available For Sale 870,000
Less: Finished Goods Closing (90,000)
Cost Of Good Sold 780,000
Selling Price / Unit 20
Variable Cost 8
fixed cost 180000

Cm RATIO= CONTRBUTION Margin / selling price

20-8/20
0.6

Breakeven Sales= fixed cost/cm ratio

300000

Increase sale by 75000 3750 75000

variable cost 3750 -30000
Increase in cosntribuion margin 45000

Sales 18000 360000

Variable cost 18000 -144000
Contribution margin 216000
less: fixed Cost -180000
Net Profit 36000

Sales 24000 432000

Variable cost 24000 -192000
Contribution margin 240000
less: fixed Cost 210000 -210000
Net Profit 30000
Sales Budget
Month
Particular April May June Quarter
Sales Unit 20000 50000 30000 100000
Sales Pricw / Unit 100 100 100 100
Total Sales 2000000 5000000 3000000 10000000

Production Budget
Month
Particular April May June Quarter July
Budgeted Sales 20000 50000 30000 100000 25000
Add: Ending Inventory 10000 6000 5000 5000 3000
Less: Opening Inventory -4000 -10000 -6000 -4000 -5000
Total Production 26000 46000 29000 101000 23000

Drect Material Budget

Month
Particular April May June Quarter July
Budgeted Sales 26000 46000 29000 101000 23000
Material in Pounds Per unit 5 5 5 5 5
Material Usage Budget 130000 230000 145000 505000 115000
Ending Inventory 23000 14500 11500 11500
Total Required Inventory 153000 244500 156500 516500
Opening Invemtory -13000 -23000 -14500 -13000
Total Inventory in units 140000 221500 142000 503500
Direct Material Cost Per pound 5 5 5 5
Total Direct Material Cost 700000 1107500 710000 2517500
 Silk Company
Quantity Schedule
For The Period Ending 31 March 2020
Units Account For : Amount
Work In Process Opening (Units) 10,000
Units Started into Production 170,000
Units Account For 180,000

Units Accounted For : Amount

Units Transferred To Fininshed Goods 170,000
Work In Process Closing (Units) 20,000
Units Accounted For 190,000
Silk Company
Equivalent Production
For The Period Ending 31 March 2020
Conversion
Particular Material
Cost
Units Completed & Transferred 170,000 170,000
Less: Work In Process Opening (Units) (10,000) (10,000)
Units Started And Completed 160,000 160,000
Add: Work In Process Opening (Units)
Conversion Cost (10000*70%) - 7,000
Add: Work In Process Closing (Units) - -
Conversion Cost (20000*40%) - 8,000
Equivalent Production : 160,000 175,000
Silk Company
Cost To Charge To
For The Period Ending 31 March 2020
Particular Cost
Work In Process Opening 13,400
Cost Added During Period
Direct Material 139,400
Conversion Cost 244,200
383,600
Total Cost Charged To 397,000
A Limited
Cost Accounted For
For The Period Ending 31 March 2020
Particular
Transferred To Next Department
From Beginning Inventory
Inventory Cost 13,400
Conversion Cost (10000 * 1.395 * 70%) 9,768 23,168
From Current Production:
Unit Started & Completed (160000 * 2.267) 362,669
Work-In Process Inventory Ending 385,837
Direct Material (20000 * 0.871) 17,425
Conversion Cost (20000*40%*1.395) 11,163
Total Cost of Work In Process - Ending 28,588
Total Cost Accounted For 414,425
Unit Cost

0.871
1.395

2.267
0