Problems 1. From the following information. Compute the raw materials purchased. rs.

Opening stock of raw materials 20,000 Closing stock of raw materials 30,000 Direct wages 2,10,000 Factory overhead 60% of direct wages General overhead 10% of work cost Cost of production 6,88,600 [ work cost or factory cost 6,26,000 ; prime cost 5,00,000 ; raw materials consumed 2,90,000 ; purchased of raw materials 3,00,000 ] 2. From the following particulars: a. Prepare a cost sheet showing I. The cost of material consumed II. Prime cost III. Production cost IV. Total cost and V. profit Stock of raw materials, 1st jan, 2001 Work in progress, 1st jan., 2001 Purchases of raw materials Direct wages Production overhead expenses General overhead expenses stock of raw materials, 31st dec., 2001 Work in progress, 31st dec., 2001 Sales for the year rs. 30,850 60,850 1,43,250 1,78,500 1,42,800 1,12,700 37,700 67,750 8,60,625

3. From the following particulars in respect of a quality of goods pq produced by eastern producers for the month of october,2001, prepare a production statement: stock of raw material : starting rs.5,600 & end rs.7,200 stock of finished goods : starting rs.19,100 & end Rs.6,000 opening stock of unfinished goods at starting Rs.20,000 end stock of unfinished goods at end Rs30,000 Raw materials purchased Material returned to supplier being defective Chargeable expenses Manufacturing wages Factory expenses Administration expenses rs. 58,600 5,000 12,500 39,000 18,000 26,000

Selling & distribution expenses rs.6 per unit Opening stock of finished goods 400 unit & closing stock 500 unit beside 2,500 unit produced during the month. The goods were sold @rs.75 per unit.. 4.From the following information prepare a cost sheet Particulars Stock of Raw Materials, 1st Jan, 2009 30,850 Stock of finished goods, 1st Jan., 2009 60,850 Purchases Of Raw Materials 1,43,250 Direct Wages 1,78,500 Production Overhead Expenses 1,42,800 General Overhead Expenses 1,12,700 Stock Of Raw Materials, 31st Dec., 2009 37,700 Stock of finished goods, 31st Dec., 2009 67,750 Sales For The Year Repairs of plant, machinery and tools Rent, rates, taxes and insurance (factory) Rent, rates, taxes and insurance (office) Traveling expenses Traveling salaries and commission Direct expenses Depreciation written off on machinery, plant and tools Depreciation written off on office furniture Gas and water charges (factory) Gas and water charges (office) Amount (Rs.) 61,700 1,01,700 2,86,500 3,57,000 2,85,600 1,12,700 37,700 67,750 15,00,000 9,700 4,000 2,000 4,800 8,900 45,000 12,200 800 2,200 500

5.. From the following particulars, prepare a cost sheet showing the cost per unit and profit for the period. Particulars Raw Material Direct Wages Machine hours worked Machine Hour Rate Administrative Overheads Selling Overheads Units Produced Units Sold Amount (Rs) 1,20,000 60,000 1250 hrs 15 per hour 15% on works cost Re.2 per unit 35,000 units 30,000 @ Rs 10 per unit