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COURSE. : BBS
YEAR. : 2
QUOTA. : 1
SESSION. : WEEKEND
FNS MANUFACTURING COMPANY COST SHEET
FOR THE YEAR ENDING JUNE 30TH 2005
AMOUNT. AMOUNT.
(UGX) (UGX )
Opening stock of raw materials 14,000
Add: purchases 20,000
Carriage inwards 800
Cost of raw materials available. 34,800
Less: closing stock of raw materials 6,000
Less: scrap 200
Cost of raw materials consumed. 28,600
Add. Direct labor 16,000
Prime cost 44,600
Add: factory expenses
Indirect wages 2,000
overtime 400
stores 800
Loose tools 200
depreciation 600
Insurance 1,200
Inspection fee 400
Manager’s salary 4,000
Research expenses 800
Cleaning charges 1,200 11,600
Work cost 56,200