Speimeo of cost OY Stalement of cost _ Partiaits Diveck material opening stork vou ener RAK & purchase claning the Yeay (+) Cavviage inwards {=D closing Stocn of Materfals L ‘pivect Leboun Jesages Dlvect expense Factory overhead Go Opening Stous of working in progress © clos ing Stour of workmen proges | | WOT Logt [facto cost (9 Administrative over haads Cost of production © opening stots of io'shad gor © lasing stock of dinvshed geod cost of goods ) celing dsb bdo Cast ofsales @) prone 2 | Peruniltost | XK ROK x AX AKA! A XKOU UN 1aysrer) ve the fotlowing lalement vp material! Consuroed ea pivect eee 2 47006 machin’ hour Wor 2 ann bes Gono4 4 ne hour Sale e x 4 pfjce Overhead Cadminisha live 0") lon of uso (eee Z GO 9M anit dling O-H Saling unt produced unit sold peranit > oivect matiual fo cosh pf producher 80000 yon 4000 cost Sheet —Particutors z ate direct material 20,000 brect wages 48,000 | 7 Pama oo \,ag,000 | a4 . | 3 Tachery ont i | | gaccet | @ UIOTK Cost | 6 140, 000 a 40 Office overhead ‘nos (08+ of prod | Re pro uction | J— © dogy | jto000 | | 44 199 Stock ol fioished | (4000 -3600) x 44 11600 . C0, | St of goods soid lseaoo | "a | | Heng overhead | | (3600 x1. 56) | 5400 60 eo © 143600 gee D progit yao, FF 120000 502 Fatlodsing information has been obtatned centre Con, for the pewod (70m jordarg | f June 30,0018 : one aolt Jani See 00st Of youdmatovials 20 600 95000 tae 15000 (OSt of work in proguess 19000 5S000 cost of stots of [inishedgoods 66000 twansar tions dewing Six months are’ parchases of row materiale 46 0po% wag es paid 9,30,000 acon y overheads 42000 Admintgtradron overheads 0,006 selling and distr bution overbeads 0,00 Gales 400,000 cost Sheet . L Particutars Amount Divect materials | opening Yaus matoyial 30000 | ) purthase of raw) material 450000 © closing Stous 25000 | | ———— | 955 090 | Divect be 1S eck Labour | wage | wages 0,30 000 | Prime Cost 685000 iw Factory Overheads q2coo | | ofening tow Wp 1a000 OQ losing Sous [py | (6000) work Cost 314000 |_ pdmins seater 206 30000 a codk of production pening stock of drnished goods | “ooo. | oer sng Stocs of {ent shed geods | | 55000 oe a cnet of goods sotd | @0q000, 4) gelkng, avd dtsbibution | 2 e900] “ cost of sales gaq000 | progit | 11000 sates | 400000 » gorobay manu facteming Corepany submits the following bomatie = Bt + 3-23 : Particulay A mount sales of the gear 2, 15,000 doventowes at the beg noo . -Pow materials . : sooo - Work - in ~ Progvess 4000 - Finished goods 1000 purchas e of materials +1, 10,000 Dlvect labour > §500e Diveck eapen ses 6000 doventories at the end - Law materials : ieee * = Klork to progress 6000 , - fivighed geod , C000 Other fxpenses fav the yeas : Sellin expenses Q1500 Admin shatese ea pense 13006 Faclony ove theads 400c “ > Prepave Staterent of Cast- | — Parti cutans we —- Pirecl material | | opening slack of mateviat 3000 | (+) purchase of matewal (10.000 | ©) Closing stock of 000 ° ae L iemiee| soe ‘ | Dive ct Labour | gso0e Pivect expense ; | 6000 prime cost 180,000 x) : c Paxtory ovev head ROE 5 - : a spening wip 4000 Q] closing work tin | £008 | es | oo | d Pog’ h——~ | * 3¢000 Klork cost | 18000 | @) Adminis watie overbead | ets | ‘ 31000 cost of production | | eel | >) opentrg Stove of finished geod, 4000 © closing Stour of {inished goad C800) -t000 | Cost of goods soid 339000 | 6) Salling and dishibuttos | "oT 1500 | Ove1 head " | . ASTSOO | cost Of sales oe eee | py |B | gales , A1S000ww the Following information Prepare a Matement Sbawn A cost (ii) Work cost (4) Cost of production (iv cost of Sales 000 unils 10 \ preane valet profit of x Ud. klbich procluced aod Sod ane alg operieg SOCK Paw materials 84000 Finished goods 16000 closing Stock Raw matertals 90,000 fior'sbed goods 15000 purchase of aw materials 60000 sales 00,00 0 pivect wages 35000 factory wages 000 camvage tmHward a000 fawi age oudiard XX} factory expenses 4000 Office Salaries 15008 dyfice Expenses 12000 Factory Rent ¢ Rates pice Peprectation- Machinery Q500 Bad debts 1500 Posticnton _ 2 2 Piveck material Opening Stock of material-RN | 4000 [) purchase of vow materials | S0000 | la comage inward | gooeeo Closing stock of racormalenal, 20000 _ | . $6000 Diveet Labour} wages plvect wages Prime Co ot @) Factory overhead Factory eedee facto “expense fatlog Rent work cost @ Administrative /o4fice on osfice “salary Office expense cost of produc ron 3) opening Stocs of finished geots oO clesing Stock of inished | gencls | cost Of goods cotd io Selling g dishi bution Pepve uw ation Bad dobt Cawiage ocefwandl cost of Sales profit sales em asaoo 121000 | Qo0o SOO | 000 agoo $500 | Le / (29500 | 16000 12000 | 27000 ——I | 136500 tho00o (6000) | 1000 | | 151500 | | aso | | tsoo 4ooo | tooo | 5000 | | 161506 | 31500 J CO 000ge FETT POA fos fhe fescod enced pater als 33000 yelive wages 38000 jeduclive wages 10500 ao) gent and taxes 1500 3 choy lightening 8400 yoclory beating 1500 polive power 4400 yalage (works) 43000 precios FeeCworks) 1200 pneclor’s Pee Cojjiced 3000 telowy cleaning 500 00 surg office expenses stimatiog expense Cunarn) 800 Factory Stalionay 160 eqyece stationaiy eco 600 Lease tools written jj ‘be dotal’ output for the perro cost sheet —— Particulars bneck material opening raw enaterel Productive wages Prime cost overhead | ” Tactoy rect C faxes Fact | a Factory \igikening | Faciowy he aing V alt anna, ONS Prepare a Cast She Jd has been el She 3112 6 Reni Glaxes (ajfice) water Supply (wore) Factory Insurance affice insurance Legal Gxpenses Rent £ ware boas e De prectation a plant Genacineny = Office Building 2 Delivery vans Bad debts” Advertising Sales department salevies upkeep ct delivery vans Bans charge toromigsion 8 Sales 14,115 tonnes s3deo | | a60p0 | Bk 000 _ | ~\000 8 | | | 1500 | | J | acco = | 1500 150 | 33,000 toe 500 400 300 goo 1000 00 tod 300 (500 2.23 2:51 48. tbe toto Ste Face particulars prepare a Cast Sbeel Shoa oA ’ , tonne fo the pervod eroded 312-0 an pater as 33000 Rent Gtaxes Coffice) 500 eorcve wages 2B000 watey Supply Caorks) 190° Seductive wages 10500 Factovy Insurance 1100 | : 600 : 7 yent and taxes 1500 alfice insurance fae ° aco Lightening 8200 Legal expenses 40 yoclory beating (500 Reol pr ware boas e 300 wolive PO wey 4400 de precta tion yauloge (works) eee = plank ¢macbiony 4000 pinectors feeCworks) 1000 - office Building 1000 gneclors Fee Coyg iced aoe - delivery vans 00 tnlory cleantog 500 Bad debts * - too 00 Advey tis ing 300 sundey office expenses elimatiog expense Cork) 800 Sales deparimentsalavies '500 factory Stationary 460 upkeep of delivers vans 100 ofgice stationary 400 Bank charge 60 \500 (oromission 90 Sales te0se tools written Q 600 the total” oulput e the perted: has been 14,115 tonnes cost sheet —__ Parlictais = | e Diveck material © opening yaw material sagee Productive wages BBC—O | Prime cost . w Factory ovevnead Factory rent ¢ bases 1500 Factory \gbrening | 2200 factory | (500 4 peal | 150 | | L Yactory Stati onaryFactor cleaning Hau lage Motive power | | unproductive wages | pireclor's foo | estimating expense | toate, Supply | loose koolg wmi'tles Ws | peprecta tion pg Factory [ wort cost | I) admonish al ive “over bead | Direclorfee | legal expense oyitce Stat onary Baok chi nes | pep: feat § bustling office tnsuvance | Sundry affite . expense | cost of productton | selling and dishibution Advertising Baddo br tap Keep delves van bep- delivery van Rent pi ware bouse Sale depart men 4 salary @st of Sales | 500 8000 4400 10500 1000 800 1ao0o 600 000 — 0 300 100 00 300 (500 | 31050° 1osos® 560 113,600 4600 {8.400 1-21 oa 1 68 o-3lthe d vce Salaries 6500 feloy office ! ener ayfice Salaries — 1600 vard 4300 eninge out fo (115 scamage oD parcbase [owe paire of plant Machinery 4.450 DOO accounts of z Manajact uring cornpangy [ov the geay ended = ecembeY dois show the following c Fravelling expense 7 106 Travellers sclanes Florina 1706 pioduclive wages Depreciation - plant, Machine $606 ane (ool? fab,000 Factory ojfice satory Rep and teols Depreciation -Favosture 200 pad debls writteo off 6500 pivectors foe 6000 Kent. rales axes § Inscivance tas and avatter “factory +400 ~ factors 8500 ° ayice 400 = opice 2000 a * Manages salary (a/4fichy) 4, 61100 10,000 gales el C Voge? ~* etocis of materials wneneral &x pense 3400 Briat 6 2600 Income ax 500 Buia 18 ed Aer : * piutde: 60 Materials purchased 1,85 000 . re prepare cost Sheed 7 - cost Sheet __ favticutoy fam = pening sted of materials 64800 ) ( purchases 1@5000 @ carriage toward 150 Y closing 5 | 000 q Store ake 206950 Otreck peo | productive wages | 1,a6,000 \———|_ gaas0 Prime cost | 33am ty Factory over head | | | 6500 | | |Repans of 744 Rent vats @ fares Pepreccation prectyt jee cas ¢ water Nanagey salarg 4460 goo 8500 600° 1a0o 1500mode Manufa Uring Company submits the (ououslog vole meation ’ 5 4 SK th. > Yoyo nation eo fo 3 pe 4 Sul tie Qieyjoun ped om 33 14 | gates for the year 2.6,000 Joventories at the beginnin Finished goods 1000 “Work (0 Progress 4000 purchase of materials for the 110,000 Year materials inventory - At the Beginning of the qear 3000 “At fe end of the ear 4000 Direct (abou 65000 Factory owerbead at box of the direct labour cost Soventovies at the md of the year - lor jo Progress 6000, Loishedl goods 8000 thes expenses Qy the geon selling exp: tovof sais Adminis tvativ exp. 5% of Sales Prepare statement af cost and profit. Pay: Arnot. a iE pow ok 5 a ce S = 2008 f cb eof enatey'a | daring the 1,10,000 lea 4000 © closing stocz \ 000 Direct taboar 65 | ° puime cost \,14,000 | | “*) Factory overhead 28+ 34000 \4 Hponing | 4600&) AAdsing S060 work Cost 2.11, 000 W Mominighatie overhead 5 arn 134s0 cost of praduetion PQHASO @) opening stock of dratshed 4000 || 4moe qed © Closing Stocte of chinshed ( 3000) qoocls = 50 cost of goods sold 3939 @ eed and dish’butisn Setting cap. | 91500 cost of Sales PS1ASO proyre Q3150 nae Sales 915 00 2 fllowing Information bas bees obtained fron tbe records of . a manul ackering company. \-1-\8 Stock of raweaterials 40000 Sto of Finished goods (00,000 SOK of Doak Ip progsess (Q000 “Jodivect labour 50,000 chubytean ts Imachins 10,000 - doSurance 60 plant 3000 Purchase of vawmaterrals 4,042 By. 12-18 50000 190,000 p00 Sales Commision +» Go0% Galomies of Salerma 1,002” tauutage etwas 0,000 Adminsralive erporues 1000 pe 430000 we” ro" of Jaci SOP 2000 le 3a | (abou 300,000 piel : preciatior O° moachioersd 50,000 aco vent 60,000 pore’ tart 00 dactows buideng odo gaves (Q,00,000 a ps ft ] — ——— Brak _Anet —__}-—____- apenirg Stor of yaw matertals 40,000 | | | purchase of rau materials 4,0 .6,000 closing steck of vawmateral BO0OC | 4,940,000 | Direct Labour | 8,00 000 jo prime cost | caqgocod | @ Factory overbead 000 Labyicants is 000 Ynclivect (abow | OOO | Jnsurance 60 plac t | | | 30,000 power | Bate of derctore serep ace opening Strom of Wok to prog, 1Qooo 000 Deprectatroo , = re 60,002 act t ong veo 1000 10x o closing eae | ‘ ~ Qoo0o work cost [factory ces ae . | ¥ . | ) adeninig hati. exp: 100,000 | _—__- | 1609000 S a Cost of poducheo a DNtorn +... oe , os 7 an DOO@ Closing glocl< cost of ok goid @ selling and dist ba fi Sales Ccoromissicn Balawes of sates CaAwiage putwadl Sale of facts seeap cost of Sales | progr. | Sales . | 60,000 1, 24,002 | 86,000 | 000 1,50,098 | |—— | | | | | | | | | | 192,000 1132 000 | 63000 (2100,000)