Cost and Management Accounting 2008 – 2010

1) Prepare a cost sheet from the following data to find out profit (Amt. In Rs.)

a) Opening Stock of R.M – 5000 b) Opening Stock of F.G – 4000

c) Closing Stock of R.M – 4000
e) Raw materials purchased – 50000
g) Chargeable expenses – 7000
i) Power – 6000
k) Factory insurance – 8000
m) Office salaries – 20000
o) Salaries of salesman – 12000
q) Sales - 200000
d) Closing Stock of F.G – 5000
f) Wages paid to labourers – 20000
h) Rent, rates and taxes – 5000
j) Factory heating & lighting – 5000
l) General expenses – 3000
n) Office printing & stationery – 5000
p) commission of travel agents – 4000

2) Prepare a cost sheet from the following data to find out profit and
cost per unit ( Amt. In Rs.)

a) Raw materials consumed - 160000 b) Direct Wages - 80000

c) Factory O/H –16000 d) Office overheads – 10% of
Factory cost
e) Selling O/H – 120000 f) Units produced – 4000
g) Units sold – 3600 h) Selling price – Rs.100 per unit.

3) Prepare a cost sheet from the following data to find out cost of production and
cost per unit of goods manufactured by a company. ( Amt. In Rs.)
a) Op. stock of R.M – 3000 b) Raw materials purchased – 28000
c) Cl. Stock of R.M – 4500 d) Manufacturing wages – 7000
e) Depr. On plant – 1500 f) Loss on sale of part of plant – 300
g) Factory rent & rates – 3000 h)office rent – 500
i) General expenses – 400 j) Discount on sales – 3000
k) Advt. Expenses – 5500 l) Income tax paid – 2000

Number of units produced during the month was 3000. Op.Stock

of finished goods was 200 valued at Rs.2800. Cl.stock of F.G. was 400 units.
Cost and Management Accounting 2008 – 2010

4) The accounts of Z ltd for the yr ended 31st March 2008 gives the following
details. You are required to prepare a cost statement for the year ended 31st
March 2008. ( Amount in Rs.)

Works office salaries 6500

Administrative office salaries 12600
Carriage Outward 4300
Carriage Inward 7150
Repairs to Plant & Machinery 4450
Rents, Rates, Taxes, Insurance etc
Factory 8500
Office 2000
Sales 461000
Stock of Raw Materials
1st April 07 48000
31st March 08 62000
Materials Purchased 185000
Travelling Expenses 2100
Travelers Salaries and Commission 7700
Productive Wages 126000
Depreciation on Plant & Machinery 6500
Depreciation on Office Furniture 300
Directors Fees 6000
Gas & Water (Factory) 1200
Gas & Water (Office) 400
Managers salary (1/4 office & ¾
Factory) 10000
General Expenses 3400