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  • Prime Cost Work Cost Cost of Production Cost of Goods Solds Cost of Sale Profit Sale

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    Pintu Maharana
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    Diamond Ltd's cost sheet for the year ending March 31, 2011 shows the costs of producing 4000 units and 2000 units. The cost of production for 4000 units was Rs. 1,391,072 or Rs. 348 per unit. For 2000 units, the cost of production was Rs. 1,388,884 or Rs. 694 per unit. The company's profit was Rs. 1,382,188 for 4000 units and Rs. 1,339,996 for 2000 units.

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    Diamond Ltd's cost sheet for the year ending March 31, 2011 shows the costs of producing 4000 units and 2000 units. The cost of production for 4000 units was Rs. 1,391,072 or Rs. 348 per unit. For 2000 units, the cost of production was Rs. 1,388,884 or Rs. 694 per unit. The company's profit was Rs. 1,382,188 for 4000 units and Rs. 1,339,996 for 2000 units.

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    24 views1 page

    Prime Cost Work Cost Cost of Production Cost of Goods Solds Cost of Sale Profit Sale

    Uploaded by

    Pintu Maharana
    Diamond Ltd's cost sheet for the year ending March 31, 2011 shows the costs of producing 4000 units and 2000 units. The cost of production for 4000 units was Rs. 1,391,072 or Rs. 348 per unit. For 2000 units, the cost of production was Rs. 1,388,884 or Rs. 694 per unit. The company's profit was Rs. 1,382,188 for 4000 units and Rs. 1,339,996 for 2000 units.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    cost sheet of Diamond Ltd. For the Year ending if March 31, 2011.

    4000 Units 2000 Units


    Perticular
    3500 Units Sold 1800 Units Sold
    Direct Matirial 800,000 200 800,000 400
    Direct Wages 177,760 44.44 222,220 111.11
    Prime Cost 977,760 244.44 1,022,220 511.11
    Production Over Head 200,000 50 100,000 50
    Work Cost 1,177,760 294 1,122,220 561
    Admin Overhead Expence 213,312 53.33 266,664 133.33
    Cost Of Production 1,391,072 348 1,388,884 694
    -Closing Stock 173,884 138,888
    Cost of Goods Solds 1,217,188 348 1,249,996 694
    Add Sailing Over head 200,000 50 270,000 150
    Cost Of Sale 1,417,188 398 1,519,996 844
    Profit 1,382,188 388 1,339,996 744
    Sale 35,000 10 180,000 100

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