Cost information Cost sheet for

(operating at 60% Capacity)

Prime cost 60,000 Prime cost
Factory overheads 80,000 Factory OH
Admin OH 120,000 Fixed
Sales OH 55,000 Variable
Total Cost 315,000 Product Cost
cost per unit 105 Admin
Fixed
Overheads information Variable
Variable OH Rs. per unit of output SDO
Factory 20 Fixed
Administrative 10 Variable
Selling 12
Total cost
 3000 4000 7500
Total CPU Total CPU Total
60,000 20.00 80,000 20.00 150000

20,000 6.67 20,000 5.00 35000

60000 20.00 80000 20.00 150000
140,000 46.67 180,000 45.00 335,000

90,000 30.00 90,000 22.50 105,000

30000 10.00 40000 10.00 75000

19,000 6.33 19,000 4.75 19,000

36000 12.00 48000 12.00 90000
175,000 197,000 289,000
315,000 105.00 377,000 94.25 624,000
 CPU
20.00

4.6667
20.00
44.67

14
10.00

2.5333
12.00

83.20
Following is the cost information of M LTd
Raw material
Opening stock: 2000 kgs@ 50/ Purchases: 5000 kgs @ 55/Closing
stock: 1000 kgs @ ?
Direct Labour: 175,000
Direct expenses: 75,000
manufacturing overhead: 200,000
Non-manufacturing:
Admin OH: 125,000; Selling OH= 75,000
Work in progress
Opening WIP: 2000 units (DOC = 50% ) : Rs. 42,000
Closing WIP: 4000 units ( DOC = 70 % ): ?
Finished goods
Complete in every respect = 8000 units ( 100% complete)
 physical
FG 5000
WIP 2000
7000

Total cost 150000 21.42857

Cost shee (FIFO)
Cost of material consumed 320,000
DL 175,000
DE 75,000
Prime Cost 570,000
Add MO 200,000
770,000

Opening WIP 42,000 2000

less Closing WIP 220,000 4000
Cost of goods produced during 592,000 8000
#REF!
RM
Opening 2000 50 100000
pur 5000 55 275000
less Clsoing -1000 55 -55000
320000

Statement of EU Stateme
AU DOC EU
PP CP Openin
opening WIP 2000 50% 50% 1000 Closing
Closing WIP 4000 0 70% 2800 FG
Finished 6000 100% 6000
12000 9800
770,000

78.6 Verify
2000
6000
8000
 Statement of cost allocation
AU EU
2000 1000 78.6 78571.4286
4000 2800 78.6 220000
6000 6000 78.6 471428.571
770000

42,000 78571.43 120,571

471428.571429
592,000