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Simbhawali Sugar Mill used 30000 quintal of sugarcane last year out of which 6000 quintal of sugarcane was grown at their own farm at a cost of ₹ 6,00,000. Balance was purchased at following rates : 10000 quintal @ 600 per quintal a 6000 quintal @ 800 per quintal 8000 quintal @ 1,050 per quintal The mill earned a total profit of 60,00,000 last year. Calculate agricultural income and non-agricultural income separately.?
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Simbhawali Sugar Mill used 30000 quintal of sugarcane last year out of...
Agricultural Income:
The agricultural income of Simbhawali Sugar Mill can be calculated by considering the cost of sugarcane grown at their own farm and the cost of purchased sugarcane.
1. Cost of Sugarcane grown at their own farm:
The mill grew 6000 quintals of sugarcane at their own farm. The cost of cultivation for this sugarcane is given as ₹ 6,00,000. Therefore, the cost per quintal of sugarcane grown at their own farm is ₹ 6,00,000 / 6000 quintals = ₹ 100 per quintal.
2. Cost of Purchased Sugarcane:
The mill purchased a total of 24000 quintals of sugarcane.
- 10000 quintals were purchased at ₹ 600 per quintal.
- 6000 quintals were purchased at ₹ 800 per quintal.
- 8000 quintals were purchased at ₹ 1050 per quintal.
The total cost of purchased sugarcane can be calculated as follows:
Cost of 10000 quintals = 10000 quintals * ₹ 600 per quintal = ₹ 60,00,000
Cost of 6000 quintals = 6000 quintals * ₹ 800 per quintal = ₹ 48,00,000
Cost of 8000 quintals = 8000 quintals * ₹ 1050 per quintal = ₹ 84,00,000
Total cost of purchased sugarcane = ₹ 60,00,000 + ₹ 48,00,000 + ₹ 84,00,000 = ₹ 1,92,00,000
Therefore, the agricultural income of Simbhawali Sugar Mill is the total cost of sugarcane, which includes the cost of sugarcane grown at their own farm and the cost of purchased sugarcane:
Agricultural Income = Cost of sugarcane grown at their own farm + Cost of purchased sugarcane
= ₹ 6,00,000 + ₹ 1,92,00,000
= ₹ 1,98,00,000
Non-Agricultural Income:
The non-agricultural income of Simbhawali Sugar Mill can be calculated by subtracting the agricultural income from the total profit earned by the mill.
Non-Agricultural Income = Total Profit - Agricultural Income
= ₹ 60,00,000 - ₹ 1,98,00,000
= ₹ -1,38,00,000
Since the calculated non-agricultural income is negative, it implies that the mill incurred a loss in its non-agricultural activities.
The agricultural income of Simbhawali Sugar Mill can be calculated by considering the cost of sugarcane grown at their own farm and the cost of purchased sugarcane.
1. Cost of Sugarcane grown at their own farm:
The mill grew 6000 quintals of sugarcane at their own farm. The cost of cultivation for this sugarcane is given as ₹ 6,00,000. Therefore, the cost per quintal of sugarcane grown at their own farm is ₹ 6,00,000 / 6000 quintals = ₹ 100 per quintal.
2. Cost of Purchased Sugarcane:
The mill purchased a total of 24000 quintals of sugarcane.
- 10000 quintals were purchased at ₹ 600 per quintal.
- 6000 quintals were purchased at ₹ 800 per quintal.
- 8000 quintals were purchased at ₹ 1050 per quintal.
The total cost of purchased sugarcane can be calculated as follows:
Cost of 10000 quintals = 10000 quintals * ₹ 600 per quintal = ₹ 60,00,000
Cost of 6000 quintals = 6000 quintals * ₹ 800 per quintal = ₹ 48,00,000
Cost of 8000 quintals = 8000 quintals * ₹ 1050 per quintal = ₹ 84,00,000
Total cost of purchased sugarcane = ₹ 60,00,000 + ₹ 48,00,000 + ₹ 84,00,000 = ₹ 1,92,00,000
Therefore, the agricultural income of Simbhawali Sugar Mill is the total cost of sugarcane, which includes the cost of sugarcane grown at their own farm and the cost of purchased sugarcane:
Agricultural Income = Cost of sugarcane grown at their own farm + Cost of purchased sugarcane
= ₹ 6,00,000 + ₹ 1,92,00,000
= ₹ 1,98,00,000
Non-Agricultural Income:
The non-agricultural income of Simbhawali Sugar Mill can be calculated by subtracting the agricultural income from the total profit earned by the mill.
Non-Agricultural Income = Total Profit - Agricultural Income
= ₹ 60,00,000 - ₹ 1,98,00,000
= ₹ -1,38,00,000
Since the calculated non-agricultural income is negative, it implies that the mill incurred a loss in its non-agricultural activities.
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Simbhawali Sugar Mill used 30000 quintal of sugarcane last year out of which 6000 quintal of sugarcane was grown at their own farm at a cost of ₹ 6,00,000. Balance was purchased at following rates : 10000 quintal @ 600 per quintal a 6000 quintal @ 800 per quintal 8000 quintal @ 1,050 per quintal The mill earned a total profit of 60,00,000 last year. Calculate agricultural income and non-agricultural income separately.?
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Simbhawali Sugar Mill used 30000 quintal of sugarcane last year out of which 6000 quintal of sugarcane was grown at their own farm at a cost of ₹ 6,00,000. Balance was purchased at following rates : 10000 quintal @ 600 per quintal a 6000 quintal @ 800 per quintal 8000 quintal @ 1,050 per quintal The mill earned a total profit of 60,00,000 last year. Calculate agricultural income and non-agricultural income separately.? 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 Simbhawali Sugar Mill used 30000 quintal of sugarcane last year out of which 6000 quintal of sugarcane was grown at their own farm at a cost of ₹ 6,00,000. Balance was purchased at following rates : 10000 quintal @ 600 per quintal a 6000 quintal @ 800 per quintal 8000 quintal @ 1,050 per quintal The mill earned a total profit of 60,00,000 last year. Calculate agricultural income and non-agricultural income separately.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Simbhawali Sugar Mill used 30000 quintal of sugarcane last year out of which 6000 quintal of sugarcane was grown at their own farm at a cost of ₹ 6,00,000. Balance was purchased at following rates : 10000 quintal @ 600 per quintal a 6000 quintal @ 800 per quintal 8000 quintal @ 1,050 per quintal The mill earned a total profit of 60,00,000 last year. Calculate agricultural income and non-agricultural income separately.?.
Simbhawali Sugar Mill used 30000 quintal of sugarcane last year out of which 6000 quintal of sugarcane was grown at their own farm at a cost of ₹ 6,00,000. Balance was purchased at following rates : 10000 quintal @ 600 per quintal a 6000 quintal @ 800 per quintal 8000 quintal @ 1,050 per quintal The mill earned a total profit of 60,00,000 last year. Calculate agricultural income and non-agricultural income separately.? 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 Simbhawali Sugar Mill used 30000 quintal of sugarcane last year out of which 6000 quintal of sugarcane was grown at their own farm at a cost of ₹ 6,00,000. Balance was purchased at following rates : 10000 quintal @ 600 per quintal a 6000 quintal @ 800 per quintal 8000 quintal @ 1,050 per quintal The mill earned a total profit of 60,00,000 last year. Calculate agricultural income and non-agricultural income separately.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Simbhawali Sugar Mill used 30000 quintal of sugarcane last year out of which 6000 quintal of sugarcane was grown at their own farm at a cost of ₹ 6,00,000. Balance was purchased at following rates : 10000 quintal @ 600 per quintal a 6000 quintal @ 800 per quintal 8000 quintal @ 1,050 per quintal The mill earned a total profit of 60,00,000 last year. Calculate agricultural income and non-agricultural income separately.?.
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