Beruflich Dokumente
Kultur Dokumente
Direct Material Direct Labour-wages Direct Labour-Fringe Benefits Prime Cost Indirect labour-wages Indirect Labour-Fringe benefits Production supervisor salary Fringe benefits for production supervisor Total Overtime premium paid Depreciation of factory building Service department costs Cost of Idle time Manufacturing Overheads Conversion costs Direct Labour-wages Direct Labour-Fringe Benefits Manufacturing overheads Conversion Costs Product costs Prime cost Manufacturing Overheads Total Product costs Period costs Administrative costs Rental of office space for sales personnel Sales commison Advertising expences Product promotion costs Period costs
2100000 485000 95000 2680000 140000 30000 45000 9000 55000 115000 100000 40000 534000
Rs.15000 rental cost for Sales Sales Office Space rental is an opportunity cost
Calculation of COGS Prime cost Manuafcturing Overheads Add: Work-in Progress(beginning) Less:Work-in Progress(Closing) Cost of Goods Manufactured Add: Finished goods inventory(beginning) Less Finished goods inventory(closing) Cost of Goods Sold
Problem 2.41 (Hilton, Seventh Indian Edition) San Fernando Fashion Company
Raw material-Opening stock Purchase of Direct Material Rawmaterial-Closing stock Rawmaterial Consumed Direct Labour-wages Direct Labour-Fringe Benefits Prime Cost Indirect material Indirect labour-wages Plant utilities Depreciation-Plant Other manufacturing Overhead Production supervisor salary Fringe benefits for production supervisor Total Overtime premium paid Depreciation of factory building Service department costs Cost of Idle time Manufacturing Overheads Work-in Progress-Opening Work-in Progress-Closing Cost of production/Cost of goods Manufactured Finished Goods-Opening Finished Goods-Closing Cost of goods Sold
40000 180000 220000 25000 195000 200000 0 395000 10000 15000 40000 60000 80000 0 0 0 0 0 0 205000 40000 30000 610000 20000 50000 580000
Sales Cost of goods Sold Gross Profit Selling and administrative expenses Profit Before tax Income tax Profit after tax
Raw material-Opening stock Purchase of Direct Material Rawmaterial-Closing stock Rawmaterial Consumed Direct Labour-wages Direct Labour-Fringe Benefits Prime Cost Indirect material Indirect labour-wages Plant utilities Depreciation-Plant Other manufacturing Overhead Production supervisor salary Fringe benefits for production supervisor Total Overtime premium paid Depreciation of factory building Service department costs Cost of Idle time Manufacturing Overheads Work-in Progress-Opening Work-in Progress-Closing
Answer to Question- 4 40000 190000 230000 25000 205000 200000 0 405000 10000 20000 40000 60000 80000 0 0 0 0 0 0 210000 40000 30000 625000 20000 50000 595000
Cost of production/Cost of goods Manufactured Finished Goods-Opening Finished Goods-Closing Cost of goods Sold
Sales Cost of goods Sold Gross Profit Selling and administrative expenses Profit Before tax Income tax Profit after tax