Cost Sheet Practice Sheet 2

Q6. From the following information prepare cost sheet and find out the amount of Profit: Rs

Raw Material Purchased 24,000

Works Overhead- 20,000

Stocks:

Raw Material as on 1st January 2020 4000

Finished Goods (800 quintals) as on 1st January ,2020 3200

Work in Progress:

1st January, 2020 960

31st January, 2020 3200

Office & Administration Overheads 1600

Sales (Finished Goods) 60,000

Advertising, discount allowed and selling cost is Re 0.40 per quintal. During the month
12,800 quintals of the commodity were produced.

Q7. Prepare cost sheet from the following data provided:

Raw Materials Rs 15,000

Direct Labour Rs 9,000
Machine Hours 900 hours
Machine Hour Rate Rs 5
Production 17,100 units
Sales 16,000 units
Selling Price per unit Rs 4
Selling overhead per unit 50 paise
Office overheads are 20% of works cost

Q8. The cost of sale of Production is made up as follows:

Materials used in Manufacturing 5500

Materials used in packing material 1000
Materials used in selling the product 150
 Materials used in the factory 75
Materials used in office 125
Labour required in production 1000
Labour required for supervision of the management of 200
factory
Expenses-direct-factory 500
Expenses-indirect-factory 100
Expenses-office 125
Depreciation-office building and equipment 75
Depreciation-factory 175
Selling expenses 350
Freight on material 500
Advertising 125

Assuming that all products manufactured are sold, what should be the selling price to obtain a
profit 25% on selling price?