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    Profit and Loss AC For Exim

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    Thomas Kevin
    The document outlines the cost breakdown and profit calculation for manufacturing and selling 10,000 leather wallets. It lists the raw material, labor, overhead, transport, and other costs to arrive at a net product cost of 57.8 rupees per wallet. With a selling price of 64.8 rupees and sales of 10,000 wallets, the total sales were 70,063,500 rupees. Total costs were 62,302,620 rupees, resulting in a gross profit of 7,760,880 rupees and net profit of 7,765,880 rupees.

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    Profit and Loss AC For Exim

    Uploaded by

    Thomas Kevin
    15 views2 pages
    The document outlines the cost breakdown and profit calculation for manufacturing and selling 10,000 leather wallets. It lists the raw material, labor, overhead, transport, and other costs to arrive at a net product cost of 57.8 rupees per wallet. With a selling price of 64.8 rupees and sales of 10,000 wallets, the total sales were 70,063,500 rupees. Total costs were 62,302,620 rupees, resulting in a gross profit of 7,760,880 rupees and net profit of 7,765,880 rupees.

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    Profit and Loss AC for Exim

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    The document outlines the cost breakdown and profit calculation for manufacturing and selling 10,000 leather wallets. It lists the raw material, labor, overhead, transport, and other costs to arrive at a net product cost of 57.8 rupees per wallet. With a selling price of 64.8 rupees and sales of 10,000 wallets, the total sales were 70,063,500 rupees. Total costs were 62,302,620 rupees, resulting in a gross profit of 7,760,880 rupees and net profit of 7,765,880 rupees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    15 views2 pages

    Profit and Loss AC For Exim

    Uploaded by

    Thomas Kevin
    The document outlines the cost breakdown and profit calculation for manufacturing and selling 10,000 leather wallets. It lists the raw material, labor, overhead, transport, and other costs to arrive at a net product cost of 57.8 rupees per wallet. With a selling price of 64.8 rupees and sales of 10,000 wallets, the total sales were 70,063,500 rupees. Total costs were 62,302,620 rupees, resulting in a gross profit of 7,760,880 rupees and net profit of 7,765,880 rupees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    of 2

    Cost Of leather Wallet

    Particulars Amount Amount


    Cost Of Raw Materials (Leather) 55
    Labour Cost 5.0
    Other Overhead 3.0
    Local Transport 2.0
    Factory Cost 60
    Packaging 5.0
    Custom charges 0.5
    Free On Board Price 65.5
    Insurance 0.5
    Freight 2.0
    Cost Of Product 68.0
    Less: Duty Drawback (10.20)
    Net Cost Of product 57.8

    Profit 7.0
    Selling Price 64.8

    In Rs.

    Exchange Rate: 1$= Rs.45


    Profit and loss A/c for the year ended on March 31,2010

    Particulars Amount Amount


    Sales (65*10,77900) 70063500
    Less:
    Cost Of goods sold (62302620)

    Gross Profit: 7760880


    Depreciation (75000)
    Add: Returns from assets let out 80000

    Net Profit 7765880

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