Q14

Opening stock of raw material 10800

purchases 294000
less closing stock of raw materi-13600
Raw material consumed 291200
Wages 198800
Prime cost 490000
add works overhead 43736
Work cost 533736
add office overhead 35524
cost of production 569260
add opening stock of FG 28000
less closing stock of FG -30000
cost of goods sold 567260
add selling and distribution ov 0
cost of sales 567260
profit bal fig 24740
sales 592000
 new Project
Raw material consumed 20000
Wages 12000
Prime cost 32000
add works overhead 2856
Work cost 34856.228571429
add office overhead 2319.9346938776
cost of production 37176.163265306
add opening stock of FG 0
less closing stock of FG 0
cost of goods sold 37176.163265306
add selling and distribution ov 0
cost of sales 37176.163265306
profit bal fig 9293.8367346939
sales 46470
Prime cost Works overhead
490000 43736
32000 2856.2285714286

Work cost office exp

533736 35524
34856.2286 2319.9346938776

let sales be x
profit= 20%x
.20x+37176=x
46470
Q15
Raw material purchased
carriage on purcahses
Raw material consumed

direct wages
Prime cost
add factory overhead
less sale of scrap
work cost
add office overhead
depreciation on office furniture
cost of production
add opening stock of finished goods
less closing stock of finished goods
cost of goods sold
add selling overhead
selling
baddebts
cost of sales
profit bal fig
sales
32250
850
33100

18450
51550
2750
-250
54050
1850
2300
58200
9750
-11100
56850

2450
450
59750
15250
75000
profit on sale of machinery

purchase of machinery not included but depreciation on it, if

depreciation rate is given
Donations
Interest Paid on debentures
Dividend paid to shareholders
not included

not included
not included
not included
not included