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X consigned 100 cycles costing Rs. 150 each to his agent Y. Expenses incurred in sending them were Rs. 1,000. On the way 5 cycles were damaged. Y took the delivery of rest and incurred direct expenses of Rs. 285 and indirect expenses of Rs. 150. You are required to calculate the abnormal loss and the value of closing stock at the end, if Y sells away 80 cycles?
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X consigned 100 cycles costing Rs. 150 each to his agent Y. Expenses i...
Solution:

Given information:
- Consignment: 100 cycles costing Rs. 150 each
- Expenses incurred in sending: Rs. 1,000
- 5 cycles were damaged on the way
- Direct expenses incurred by Y: Rs. 285
- Indirect expenses incurred by Y: Rs. 150
- Y sells away 80 cycles

Calculation of Abnormal Loss:
- Total Cycles: 100
- Cycles Damaged on the way: 5
- Normal Loss: (5/100) x 100 = 5%
- Loss of Cycles due to damage: 5
- Loss of Cycles due to other reasons (normal loss): (5/100) x 80 = 4
- Abnormal Loss: 5 - 4 = 1 cycle

Calculation of Closing Stock Value:
- Total Cost of Cycles: 100 x 150 = Rs. 15,000
- Expenses incurred in sending: Rs. 1,000
- Direct expenses incurred by Y: Rs. 285
- Indirect expenses incurred by Y: Rs. 150
- Total Expenses: 1000 + 285 + 150 = Rs. 1,435
- Cost per Cycle: (15,000 + 1,435)/100 = Rs. 151.35
- Value of 80 cycles sold: 80 x 151.35 = Rs. 12,108
- Value of 20 cycles in closing stock: 20 x 151.35 = Rs. 3,027

Conclusion:
- Abnormal Loss: 1 cycle
- Value of Closing Stock: Rs. 3,027
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X consigned 100 cycles costing Rs. 150 each to his agent Y. Expenses incurred in sending them were Rs. 1,000. On the way 5 cycles were damaged. Y took the delivery of rest and incurred direct expenses of Rs. 285 and indirect expenses of Rs. 150. You are required to calculate the abnormal loss and the value of closing stock at the end, if Y sells away 80 cycles?
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X consigned 100 cycles costing Rs. 150 each to his agent Y. Expenses incurred in sending them were Rs. 1,000. On the way 5 cycles were damaged. Y took the delivery of rest and incurred direct expenses of Rs. 285 and indirect expenses of Rs. 150. You are required to calculate the abnormal loss and the value of closing stock at the end, if Y sells away 80 cycles? 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 X consigned 100 cycles costing Rs. 150 each to his agent Y. Expenses incurred in sending them were Rs. 1,000. On the way 5 cycles were damaged. Y took the delivery of rest and incurred direct expenses of Rs. 285 and indirect expenses of Rs. 150. You are required to calculate the abnormal loss and the value of closing stock at the end, if Y sells away 80 cycles? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X consigned 100 cycles costing Rs. 150 each to his agent Y. Expenses incurred in sending them were Rs. 1,000. On the way 5 cycles were damaged. Y took the delivery of rest and incurred direct expenses of Rs. 285 and indirect expenses of Rs. 150. You are required to calculate the abnormal loss and the value of closing stock at the end, if Y sells away 80 cycles?.
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