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Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit?
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Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs...
Cost Sheet for the Finished Product
Cost of Materials:
- Cost per kg: Rs. 5
- Weight of finished product: 1710kg
- Wastage (5% of material weight): 85.5kg
- Cost of materials used: Rs. (1710-85.5) x 5 = Rs. 8117.5
Labour Charges:
- Labour charges: Rs. 3680
Factory Overhead:
- Factory overhead: 40% of wages
- Factory cost: Labour charges + Factory overhead
- Factory cost: Rs. 3680 + (40% x 3680) = Rs. 5152
Office Overheads:
- Office overhead: 20% of factory cost
- Office overhead: Rs. 5152 x 20% = Rs. 1030.4
Total Cost:
- Total cost: Cost of materials used + Labour charges + Factory overhead + Office overhead
- Total cost: Rs. 8117.5 + Rs. 3680 + Rs. 5152 + Rs. 1030.4 = Rs. 17980.9
Sales:
- Sales: Rs. 20416
Profit per Unit:
- Profit per unit: Sales - Total cost
- Profit per unit: Rs. 20416 - Rs. 17980.9 = Rs. 2435.1
Explanation:
A cost sheet is a document that shows the cost of producing a product. In this case, we have calculated the cost sheet for a finished product. We first calculated the cost of materials used, which includes the cost per kg and the weight of the finished product. We also accounted for wastage in the manufacturing process, which is 5% of the material weight. We then calculated the labour charges and factory overhead, which is 40% of the wages. We also calculated the office overhead, which is 20% of the factory cost. Finally, we calculated the total cost by adding all the costs together. We also accounted for sales, which is Rs. 20416. To calculate the profit per unit, we subtracted the total cost from the sales. The profit per unit is Rs. 2435.1.
Cost of Materials:
- Cost per kg: Rs. 5
- Weight of finished product: 1710kg
- Wastage (5% of material weight): 85.5kg
- Cost of materials used: Rs. (1710-85.5) x 5 = Rs. 8117.5
Labour Charges:
- Labour charges: Rs. 3680
Factory Overhead:
- Factory overhead: 40% of wages
- Factory cost: Labour charges + Factory overhead
- Factory cost: Rs. 3680 + (40% x 3680) = Rs. 5152
Office Overheads:
- Office overhead: 20% of factory cost
- Office overhead: Rs. 5152 x 20% = Rs. 1030.4
Total Cost:
- Total cost: Cost of materials used + Labour charges + Factory overhead + Office overhead
- Total cost: Rs. 8117.5 + Rs. 3680 + Rs. 5152 + Rs. 1030.4 = Rs. 17980.9
Sales:
- Sales: Rs. 20416
Profit per Unit:
- Profit per unit: Sales - Total cost
- Profit per unit: Rs. 20416 - Rs. 17980.9 = Rs. 2435.1
Explanation:
A cost sheet is a document that shows the cost of producing a product. In this case, we have calculated the cost sheet for a finished product. We first calculated the cost of materials used, which includes the cost per kg and the weight of the finished product. We also accounted for wastage in the manufacturing process, which is 5% of the material weight. We then calculated the labour charges and factory overhead, which is 40% of the wages. We also calculated the office overhead, which is 20% of the factory cost. Finally, we calculated the total cost by adding all the costs together. We also accounted for sales, which is Rs. 20416. To calculate the profit per unit, we subtracted the total cost from the sales. The profit per unit is Rs. 2435.1.
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Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs...
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Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit?
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Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit?.
Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit?.
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Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit?, a detailed solution for Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit? has been provided alongside types of Weight of finished product 1710kg. Labour charges 3680rs sales 20416Rs other information :factory overhead 40%of wages .Office overhead 20%of factory cost .cost of material per kg 5Rs . Wastage in manufacturing process 5%of material weight .sales of Wastage at 10%of material cost .from the following information of a factory prepare a cost sheet showing profits per unit? theory, EduRev gives you an
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