DM23143 Swagato Mukherjee

Individual Assignment 2 –
Cost Sheet
 1. Prepare the cost sheet of ABC ltd with the following information:

Raw material purchased - Rs 50000

Direct labour - Rs 20000
Direct expenses - Rs 2000
Opening stock of raw materials - 50 units @ Rs 100
Opening stock of WIP - 5 units @ Rs 120
opening stock of finished goods - Rs 4000
Closing stock of raw materials - 40 units @ Rs 100
Closing stock of WIP - 10 units @ Rs 120
Closing stock of finished goods - Rs 5000
Factory rent - Rs 5000
Power - Rs 2000
Factory heating and lighting - Rs 2000
Factory insurance - Rs 1000
Carriage inwards - Rs 5000
Office salaries - Rs 14000
Printing and stationery - Rs 5200
Salaries to salesmen - Rs 12000
Commission to travelling agents - Rs 10000
Sales Revenue - Rs 200000

Calculate-
a) Value of Raw material consumed
b) Prime cost
c) Factory cost
d) Cost of Production
e) Cost of sales
f) The total profit
BEP

2. The following information is made available on XYZ ltd:

Selling price per unit is Rs 125
Variable cost per unit is Rs 100
Fixed cost is Rs 500000
Sales volume is 40000 units
Calculate all the ratios under Break even analysis and verify the profit
3. The following information is made available on XYZ ltd:
Selling price per unit is Rs.30
Variable cost per unit is Rs.21
Fixed cost is Rs.360000
Sales volume is 45000 units
Calculate all the ratios under Break even analysis and verify the profit