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From the following information prepare cost sheet.
Rs.
Direct material 1, 60,000
Direct Labour 45,000
Direct Expenses 15,000
Factory overheads 35,000
Office and administration overheads 20% of works cost
Selling and distribution overheads 45,000
Opening stock of finished goods 25,000
Closing stock of finished goods 10,000
Profit on Sales 10%



 
From the following information, prepare a cost sheet for period ended on
31st March 2010.
Rs.
Opening stock of raw material 12,500
Purchases of raw material 1, 36,000
Closing stock of raw material 8,500
Direct wages 54,000
Direct expenses 12,000
Factory overheads 100% of direct wages
Office and administrative overheads 20% of works cost
Selling and distribution overheads 26,000
Cost of opening stock of finished goods 12,000
Cost of Closing stock of finished goods 15,000
Profit on cost 20%


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Ñhe following information is given to you from which you are required to prepare Cost Sheet for
the period ended on 31St march 2010:
Consumable material: Rs.
Opening stock 20,000
Purchases 1, 22,000
Closing stock 10,000
Direct wages 36,000
Direct Expenses 24,000
Factory overheads 50 % of direct wages
Office and administration overheads 20% of works cost
Selling and distribution expenses Rs.3 per unit sold
Units of finished goods
In hand at the beginning of the period (Value Rs. 12500) 500
Units produced during the period 12,000
In hand at the end of the period 1,500
Find out the selling price per unit if 20% profit on selling price. Ñhere is no work-in-progress
either at the beginning or at the end of the period.


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Usha manufacturing works ltd. Manufactured and sold 1,000 sewing machines in 2009-10.
Following are the particulars obtained from the record of the company:


  

Cost of material 80,000

Rent, rates & insurance 10,000

Wages paid 1, 20,000

Selling expenses 30,000

Manufacturing expenses 50,000

General expenses 20,000

Salaries 60,000

Sales 4, 00,000

Ñhe company plans to manufacture 1,200 sewing machines in 2010-11. You are required to
submit a statement showing the price at which the machines would be sold so as to show profit
of 10% on selling price.

  
 

(a) Ñhe price of material will rise by 20% on previous year¶s level
(b)Wages rate rise by 5%
(c) Manufacturing exp. Will rise in proportion to the combined cost of material and wages
(d)Selling exp. Per unit will remain unchanged
(e) Other exp. Will remain unaffected by the rise in output.


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M/s. M.Ñ. Shoe Co. Manufacturers two type of shoes ± A and B production cost for year ended
31st march, 2010 were as follows:




Direct material 7, 50,000

Direct wages 4, 20,000

Production overhead 1, 80,000

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3, 50,000

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It is ascertained that:

(a) Direct material in type A shoes consists twice as much as that in type B shoes;
(b)Ñhe direct wages for B type shoes were 60% of those for type A shoes;
(c) Production overhead is same per pair of A and B type;
(d)Administration overhead is 150% of wages;
(e) Selling cost is Rs.2 per pair;
(f) Production during the year were as follows
Ñype A ± 40,000 pairs and Ñype B ± 1, 20,000 pairs

(g)Unit sold during the year :

Ñype A ± 36,000 pair and Ñype B ± 1, 00,000 pairs

(h)Ñype A was sold at a profit of 20% on Sales and Ñype B was sold at a profit of 10% on
cost.
Prepare a Cost Sheet showing Cost per unit & Ñotal Cost.


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AB & Co. Manufactures two types of pens P & Q. Ñhe cost data for the year ended 31st March,
2010 is as follows:




DIRECÑ MAÑERIAL 4, 00,000

DIRECÑ WAGES 2, 24,000

PRODUCÑION OVERHEAD 96,000

It is further ascertained that:

a) Direct materials in type P cost twice as much as direct materials in type Q.

b) Direct wages for type Q were 60% of those for type P.
c) Production overhead was of same rate for both types.
d) Administrative overhead for each was 200% of direct labour.
e) Selling costs were 050 paisa per pen for both types.
f) Production during the year:-

Ñype P 40,000

Ñype Q 1, 20,000

g) Sales during the year:-

Ñype P 36,000
Ñype Q 1, 00,000

h) Selling price were Rs. 14 per pen for type P & Rs. 10 per pen for type Q.

Prepare a statement showing per unit cost of production, total cost, Profit & also total sales
value & Profit separately for two types of Pen P & Q.