Professional Documents
Culture Documents
1. Mayur Engineering, engaged in job work, has completed all jobs in hand on 30th
December , 1996, except Job No. 447. The cost sheet on 30th December, showed
direct materials and direct labour costs of Rs.40,000 and Rs.30,000 respectively
as having been incurred on Job No.447.
It is the practice of the business to make the jobs absorb factory overheads on the
basis of 120% of direct labour cost.
2. From the following particulars, prepare the cost sheet for Job No. 225 and find out
the value o job.
Charge 60% of productive wages for factory overheads and 20% of works cost for
office overheads. Profit to be earned on selling price is 20%.
3. The information given below has been taken from the costing records of an
Engineering works in respect of Job No. 555
5. Compute the economic batch quantity for a company using batch costing with the
following information.
Illustration7
The following data have been extracted from the Books of M/s Moon Shine
Industries Ltd. for calendar year 1997
From the above information prepare the different phases of Cost & Net Profit.
Illustration8
The following figures are extracted from the books of Fashions Ltd., for
the year-ended 30.9.1994. Prepare a cost sheet shoeing clearly the cost per unit under
various elements, direct and indirect cost and also the profit/loss per unit