Beruflich Dokumente
Kultur Dokumente
1,200
2. Direct Labour = 1,20,000 × × 105% = 1,51,200
1,000
2,66,400
3. Factory Overhead = 50,000 × = 66,600
2,00,000
1,200
4. Selling & Distribution overhead = 30,000 × = 36,000
1,000
10
5. Profit = 4,59,000 × = 51,000
90
Problem No. 2
Statement showing the cost (per unit) & offer price
Particulars A B C D
Material Cost 40 60 100 300
Add: Machine Center 60 × 480 50 × 480 50 × 480 65 × 480
Cost (WN–1) 16 48 80 120
1800 500 300 260
Total Cost 56 108 180 420
Add: Profits (20% on cost) 11.20 21.60 36 84
Offer Price / Sale Price 67.20 129.60 216 504
Total Factory Overhead per month = (50,000 + 10,000 + 2,000 + 6,000 + 40,000) = Rs.1,08,000
1,08,000
Factory Overhead Recovery rate per machine hour = = Rs. 480 per Machine Hour
225
PROBLEM NO.3
Job Cost Sheet
Customer Details ——— Job No._________________
Date of commencement —— Date of completion _________
Particulars Amount(Rs.)
Direct materials 70
Direct wages :
Deptt. X Rs. 2.50 × 8 hrs. = Rs. 20.00
Deptt. Y Rs. 2.50 × 6 hrs. = Rs. 15.00
Deptt. Z Rs. 2.50 × 4 hrs. = Rs. 10.00 45
Chargeable expenses 5
Prime cost 120
Overheads:
5,000
Deptt. X= X100 = 50% of Rs. 20 = Rs. 10.00
10,000
9,000
Deptt. Y = X100 = 75% of Rs. 15 = Rs. 11.25
12,000
2,000 23.75
Deptt. Z = X100 = 25% of Rs. 10 = Rs. 2.50
8,000
Works cost 143.75
20,000 14.38
Selling expenses = X100 = 10% of work cost
2,00,000
Total cost 158.13
Profit (20% of total cost) 31.63
Selling price 189.76
PROBLEM NO.4
Particulars Last year Relationship Next year
Direct Materials 9,00,000 Actuals 12,00,000
Direct Wages 7,50,000 Actuals 7,50,000
Price Cost 16,50,000 Actuals 19,50,000
Add: POH 4,20,000 Rs. 4,50,000 4,50,000
Absorbed at =60% on Wages
Rs. 7,50,000
PROBLEM NO.5
PROBLEM NO.6
Job cost sheet
Particulars Amount
Direct material (a) 57
Direct wages (b) 85
Prime cost (a) + (b) 142
Add: Factory overhead:
Machining department – 15h x 4 60
Finishing department – 150% on DW 60
Total cost / works cost 262
No .of units 10
Cost per unit 26.2
Working notes:
Estimated overhead
Overhead recovery rate =
Estimated base
80,00,000
For machining department = = Rs.4 M.H
20,00,000
60,00,000
For finishing department = x 100 = 150%
40,00,000
PROBLEM NO.7
Job costing Work in progress Finished goods
Particulars Job 1 Job 2 Job 3
Direct material 17,150 29,025 -
Direct wages 12,500 23,000 4,500
Prime cost 29,650 52,025 4,500
(+) Factory overhead 43,750 80,500 1,50,750
PROBLEM NO.8
Particulars Rs.
Direct Material Given 6,800.00
Direct Wages Department I Given 2,000.00
Department II Given 1,500.00
Department III Given 3,000.00
Prime Cost 13,300.00
Add: Factory Overheads (absorbed based on Direct Labour Cost)
Rs.8,000 1,600.00
Department I = 80% on Direct Labour Cost of Rs. 2,000
Rs.10,000
Rs.4,000 750.00
Department II = 50% on Direct Labour Cost of Rs. 1,500
Rs.8,000
Rs.7,200
Department III = 60% on Direct Labour Cost of Rs. 3,000 1,800.00
Rs.12,000
Factory Cost 17,450.00
Rs.11,420
Add: AOH absorbed based on Factory Cost = = 10% on Works Cost
Rs.1,14,200
1,745.00
of Rs. 17,450
Total Cost 19,195.00
th
Add: Profit (20% on Price, i.e. 25% on Total Cost) i.e. 1/4 of Rs. 19,195 4,798.75
Estimated Selling Price 23,993.75
Problem No. 9
Statement showing the profit from sale of 60% capacity and additional 20% capacity (i.e. at 80,000 units)
2,23,000
Selling Price per piece = = Rs. 11.15 per piece.
20,000
Note: Fixed Cost is to be ignored, as there will be no increase in it, on acceptance of this order.
BATCH COSTING
Problem No. 1
2DS 2 x 500 x 12 x 60
EQB = = = 600 units.
C 0.1x 20
Problem No. 2
2AS
1. EBQ =
C
Where:
A = Annual Demand for Finished Product = 2,40,000 units
S = Set-Up Cost per batch = Rs.75
C = Carrying Cost per unit of Finished Product per annum = Re. 1.00
On substitution, EBQ = 6,000 units.
2. Comparison of Associated Costs at different Batch Output Levels:
Note: At EBQ using the above formula, Set-up Costs p.a. = Carrying Costs p.a. = ½ of Associated
Costs p.a.
Problem No. 3
2DS
a. Optimum production run size (Q) =
C
b. Total Cost (of maintaining the inventories) when production run size (Q) are 3,600 and 6,000
bearings respectively
Total cost = Total set-up cost + Total carrying cost.
When run size is 3,600 bearings When run size is 6,000 bearings
Total set up cost 24,000 24,000
= x Rs. 324 =Rs. 2,160 = x Rs. 324 =Rs. 1,296
3,600 6,000
Total Carrying cost 1/2×3,600 × 0.10P × Rs.12 1/2 × 6,000 × 0.10P × Rs.12
= Rs. 2,160 = Rs. 3,600
Total Cost Rs. 4320 Rs. 4,896
(When Q = 3,600 bearings) = 1/2 × 3,600 bearings × 0.10P × Rs. 12 = Rs. 2,160
Problem No. 4
Particulars Rs.
Direct Material Given 12,000
Direct Wages 100 hours in Welding Shop at Rs. 10 per hour 1,000