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  • Assignment For The Module Finance For Non-Finance - Vishwajeet Kumar

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    The document summarizes a cost sheet and cash budget for a manufacturing company from April 2021 to July 2021. The cost sheet shows the company's raw material consumption, factory costs, cost of production, and cost of goods sold over the period. The cash budget outlines the company's expected cash receipts from sales and cash payments for expenses like purchases, wages, manufacturing costs, and taxes for May, June and July 2021. It calculates the projected closing cash balance for each month.

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    Assignment for the Module Finance for Non-Finance- Vishwajeet kumar

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    The document summarizes a cost sheet and cash budget for a manufacturing company from April 2021 to July 2021. The cost sheet shows the company's raw material consumption, factory costs, cost of production, and cost of goods sold over the period. The cash budget outlines the company's expected cash receipts from sales and cash payments for expenses like purchases, wages, manufacturing costs, and taxes for May, June and July 2021. It calculates the projected closing cash balance for each month.

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    7 views5 pages

    Assignment For The Module Finance For Non-Finance - Vishwajeet Kumar

    Uploaded by

    Vishwajeet Kumar
    The document summarizes a cost sheet and cash budget for a manufacturing company from April 2021 to July 2021. The cost sheet shows the company's raw material consumption, factory costs, cost of production, and cost of goods sold over the period. The cash budget outlines the company's expected cash receipts from sales and cash payments for expenses like purchases, wages, manufacturing costs, and taxes for May, June and July 2021. It calculates the projected closing cash balance for each month.

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    © All Rights Reserved
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    of 5

    Symbiosis Institute of Operations Management

    Supply Chain Management Excellence Program (SCMExP)- Wabtec Corp.


    Module: Finance for Non-Finance

    Question 1: 15 Marks

    Page | 1 Vishwajeet Kumar


    Sourcing
    Pune
    Answer 1:

    Cost Sheet for period ended 31.03.2021


    Particulars Amount (Rs)
    Opening stock of RM 01.04.2020 75,000
    Add: Purchase of RM 68,000
    Add: Direct expenses 10,000
    Add: Cariage inward 2,000
    Less: Closing stock of RM 31.03.2021 (95,000)
    Raw Material Consumed 60,000
    Add: Direct wages 40,000
    Prime Cost 100,000
    Add: Factory Overheads
    Indirect wages 2,500
    Factory rent & power 12,000
    Deperciation of plant 3,000
    Gross Factory Cost 117,500
    Add: Opening Stock of WIP 01.04.2020 25,000
    Less: Closing Stock of WIP 31.03.2021 (32,000)
    Net Factory Cost 110,500
    Add: Office & Admin overheads
    Office rent 2,500
    Cost of production 113,000

    Page | 2 Vishwajeet Kumar


    Sourcing
    Pune
    Add: Opening stock of Finish Goods 01.04.2020 50,000
    Less: Closing Stock of Finish Goods 31.03.2021 (30,000)
    Cost of Goods Sold 133,000
    Add: Selling & Distribution overheads
    Carriage outwards 2,300
    Advertising 3,200
    Director fees 3,000
    General charges 4,000
    Repairs 1,000
    Travelers commission 6,300
    Cost of sales 152,800
    Sales 210,000
    Profit 57,200

    Page | 3 Vishwajeet Kumar


    Sourcing
    Pune
    Question 2: 10 Marks

    Answer 2:
    Manufacturing Expense Calculation
    50% of April 50% of May Total
    May
    1500 2250 3750
    50% of May 50% of June Total
    June
    2250 1750 4000
    50% of June 50% of July Total
    July
    1750 2000 3750
    Page | 4 Vishwajeet Kumar
    Sourcing
    Pune
    Cash Budget
    May – July
    2016
    Particulars May June July
    Opening Balance 8,000 13,750 12,250
    Add : Receipts
    Sales 62,000 64,000 58,000
    Total [A] 70,000 77,750 70,250
    Less: Payments
    Purchases 36,000 38,000 33,000
    Direct Wages 10,000 8,500 9,500
    Manufacturing Expenses 3,750 4,000 3,750
    Office Expenses 1,500 2,500 2,000
    Selling Expenses 5,000 4,500 3,500
    Plant Cost - - 1,600
    Advance Tax - 8,000 -
    Total Payments [B] 56,250 65,500 53,350

    Closing Balance [A - B] 13,750 12,250 16,900

    Page | 5 Vishwajeet Kumar


    Sourcing
    Pune

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