ACCOUNTING FOR MANAGERS

ASSIGNMENT NO.2
Last date for submission :25/11/10.

Sum no 1

Sum no 2

Sum No.3
The following data have been extracted from the books of Sunshine Ltd., for the year 2009. Opening Stock of Raw Material - Rs.25, 000 Purchases of Raw Material Rs.85, 000 Closing Stock of Raw Material Rs.40,000 Carriage Inward Rs.5,000 Direct Wages Rs.90, 000 Indirect wages Rs.10, 000 Factory rent and rates Rs.5,000 Office rent and rates Rs.500 Indirect consumption of material Rs.500 Office Salary Rs.2,500 Salesmen Salary Rs.2,000 Other factory expenses Rs.5,700 Other office expenses Rs.900 Managers remuneration Rs.12, 000 Bad Debts Rs.1,000 Advt. expenses Rs.2,000 Plant & Machinery depreciation Rs.1,500 Office furniture depreciation Rs.100 Cash Discount Rs. 5,000 Travelling Expenses Rs.1,100 Carriage outward Rs.1,000 Sales - Rs. 2,50, 000 Advance income tax paid Rs.15, 000. The managers salary is to be allocated as Rs.4,000 to factory, Rs.2,000 to the office and Rs.6,000 to the selling operations. Prepare a statement of cost.