Q.3. Dunkel Ltd. started a factory in Navi Mumbai on 1st April 2013. furnished about its activity during the year ended 31st March 2014: Raw Material consumed - 40,000 units @ 7 per unit.. Direct Wages: (a) Skilled worker @9 per unit (b) Unskilled worker @*6 per unit Royalty (on raw material consumed) @* 3 per unit O Works Overheads @ 8 per machine hour Machine Hours worked: 25,000 Office Overheads at 1/3rd of Works Cost. Sales Commission @ 4 per unit Units produced 40,000. cig of finished goods Stock of units at the end: 4,000 units to be valued at cost of production per unit. Sales price is 50 per unit. Prepare a cost sheet showing the various elements of cost both in total and per unit.
Q.3. Dunkel Ltd. started a factory in Navi Mumbai on 1st April 2013. furnished about its activity during the year ended 31st March 2014: Raw Material consumed - 40,000 units @ 7 per unit.. Direct Wages: (a) Skilled worker @9 per unit (b) Unskilled worker @*6 per unit Royalty (on raw material consumed) @* 3 per unit O Works Overheads @ 8 per machine hour Machine Hours worked: 25,000 Office Overheads at 1/3rd of Works Cost. Sales Commission @ 4 per unit Units produced 40,000. cig of finished goods Stock of units at the end: 4,000 units to be valued at cost of production per unit. Sales price is 50 per unit. Prepare a cost sheet showing the various elements of cost both in total and per unit.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 2PA: Cost of production report Hana Coffee Company roasts and packs coffee beans. The process begins by...
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Question
From the following information, prepare detailed Cost Statement for the year ended 31-3 2014.
20,000
30,000
12,00,000
99,500
20,000
50,000
60,000
Particulars
Opening Stock-Raw Materials DM
Opening Stock-Finished Goods +coP Purchases of Raw Materials
Direct Wages Power
OW
F
Carriage on Purchase of Raw Materials OM Cost of a Special Design Sell & Air DE Custom Duty and Octroi on Raw Materials M
Rent and Rates- Office Factory
Telephone Expenses Advertisement
of
Electricity-Office
Factory
Machinery lost in fire Depreciation -Plant and Machinery f
-Delivery Van Sall
50,000
70,000
80,000
Selling
75,000
15,000
30,000
80,000
20,000
1,20,000
2,50,000
70,000
H
Income Tax Salaries
of
Donations
H
Establishment Expenses
Of
Rent of Showroom Interest on Loan
65,000
45,000
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