J. K.

SHAH CLASSES INTER CA – COSTING

Homework Question 1
Statement of Cost per Unit No. of units produced: 10,000 units
Particulars Cost per Amount
unit (`) (`)
Raw Materials Consumed 40.00 4,00,000
Direct Wages 24.00 2,40,000
Prime cost 64.00 6,40,000
Add: Manufacturing Overheads (3,200 hours × `40) 12.80 1,28,000
Works cost 76.80 7,68,000
Add: Office Overheads (10% of Works Cost) 7.68 76,800
Cost of goods sold 84.48 8,44,800
Add: Selling Overheads (10,000 units × `20) 20.00 2,00,000
Cost of sales / Total cost 104.48 10,44,800
Add: Profit (Bal Figure) 15.52 1,55,200
Sales 120.00 12,00,000

Homework Question 2
Statement of Cost and Profit per unit of each batch
Jan.2020 Feb.2020 March. Total
2020
a) Batch Output (Nos.) 1,250 1,500 1,000 3,750
b) Sales Value (@ ` 15 perunit) (`)18,750 (`)22,500 (`)15,000 (`)56,250
Cost
Material 6,250 9,000 5,000 20,250
Wages 2,500 3,000 2,000 7,500
Overheads 3,750 3,000 3,000 9,750
c) Total 12,500 15,000 10,000 37,500
d) Profit per batch (b) – (c) 6,250 7,500 5,000 18,750
e) Cost per unit (c) ÷ (a) 10 10 10
f) Profit per unit (d) ÷ (a) 5 5 5

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J. K. SHAH CLASSES INTER CA – COSTING
Overall Position of the Order for 3,000 Units

Sales value (3,000 units × ` 15) `45,000

Less: Total cost (3,000 units × ` 10) 30,000

Profit 15,000

Calculation of overhead per hour:

Jan. 2020 Feb. 2020 March 2020

i. Labour hours:

ii. Overhead per hour:

iii. Overhead for batch ` 3,750 ` 3,000 ` 3,000

(i) × (ii)

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