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  • Book 1

    Diunggah oleh

    Ridhi Jain
    13 tayangan3 halaman
    The income statement shows revenues of Rs. 1,125,000 and a net operating loss of Rs. 30,000. The balance sheet lists total assets of Rs. 4,612,500 including machinery and equipment of Rs. 1,575,000 and inventory of Rs. 1,321,500. Manufacturing costs include direct material of Rs. 267,500, direct labor of Rs. 30,750 and overheads of Rs. 257,000 for a total factory cost of Rs. 555,250. The company reports a net profit of Rs. 360,625.

    Deskripsi Asli:

    Management of accounting

    Judul Asli

    Book1

    Hak Cipta

    © © All Rights Reserved

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    The income statement shows revenues of Rs. 1,125,000 and a net operating loss of Rs. 30,000. The balance sheet lists total assets of Rs. 4,612,500 including machinery and equipment of Rs. 1,575,000 and inventory of Rs. 1,321,500. Manufacturing costs include direct material of Rs. 267,500, direct labor of Rs. 30,750 and overheads of Rs. 257,000 for a total factory cost of Rs. 555,250. The company reports a net profit of Rs. 360,625.

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai XLSX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    13 tayangan3 halaman

    Book 1

    Diunggah oleh

    Ridhi Jain
    The income statement shows revenues of Rs. 1,125,000 and a net operating loss of Rs. 30,000. The balance sheet lists total assets of Rs. 4,612,500 including machinery and equipment of Rs. 1,575,000 and inventory of Rs. 1,321,500. Manufacturing costs include direct material of Rs. 267,500, direct labor of Rs. 30,750 and overheads of Rs. 257,000 for a total factory cost of Rs. 555,250. The company reports a net profit of Rs. 360,625.

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai XLSX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 3

    Income Statement as given in Exhibit 1 Balance Sheet as given in Exhibit 2

    (Rs. In (Rs. In
    thousands) thousands)
    Sales 1125000 Sources of funds
    Wages 205000 Capital 2500000
    Utilities 37500 Loans and advances 525000
    Depreciation 97500 Borrowings from bank 1375000
    Raw Material purchased 412500 Trade Payables 212500
    Insurance 10000 4612500
    Rent 125000 Uses of funds
    Sales force salary 40000 Machines and equipment(net) 1575000
    Office and administrative st 40000 Debtors 402000

    Advertising 187500 Cash in hand 375000


    Net Operations loss -30000 Cash in bank 582500
    Inventory
    Raw material 362500
    Work-in-progress 387500

    Finished Goods 862500


    Accumulated loss 65500
    4612500

    Direct Costs
    Direct Labour 30750
    Direct cost in factory 298250

    Indirect Costs
    Indirect Labour 174250
    Utilities 26200
    Depreciation 58500
    Insurance 8000
    Rent 106250
    Total Overheads 373200

    Total Manufacturing Cost 671450

    Income Statement
    (Rs. In
    thousands)
    Sales 1125000
    COGS
    Opening Stock 733125
    Manufactured 555250
    Closing Stock 862500
    425875
    Gross Profit(Sales-COGS) 699125
    Less other Expenses
    Utilities 11250
    Depreciation 39000
    Rent 18750
    Insurance 2000
    Sales force salary 40000

    Office and administrative


    staff salary 40000
    Advertising 187500
    Total Expenses 338500
    Net Profit 360625

    Grouping Costs
    (Rs. In
    thousands)
    Direct Material Cost 267500
    Direct Labour Cost 30750
    Prime Cost 298250
    Manufacturing Overheads 257000
    Factory or work cost 555250
    Other expenses 338500
    Cost of Production 893750
    Opening Stock of Finished
    goods 733125
    Closing stock of finished
    goods 862500
    Cost of Sales 764375
    Profit 360625
    Sales 1125000
    Inventory
    %age Opening Closing
    Type allocated Stock Stock
    Raw Material 60 217500 362500
    Work-in-progress 70 271250 387500
    Finished Goods 85 733125 862500

    RAW MATERIAL
    Opening 217500
    Purchases 412500
    630000
    Closing 362500
    Raw Material
    Consumed 267500

    WORK-IN-PROGRESS
    Opening 271250
    Closing 387500
    Total Cost of
    finished goods 555250

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