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The following details are available in respect of J A consignment of 1250 kgs of material invoice price rupees 20 per kg excise duty 25% on invoice price sales tax 8% on invoice price including excise duty trade discount 10% on invoice price insurance 1% on aggregate net price delivery charges Rs 250 cost of containers at rupees 60 per containers for 50 kgs of material rebate is allowed at rupees 40 per container return with them 6 weeks which is a normal feature one container load of material was rejected on inspection and not accepted cost of loading unloading and handling at 0.25 of cost of materials ultimately accepted on the basis of above you are required to find out the landed cost of per kg of material?
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The following details are available in respect of J A consignment of 1...
Invoice Price Calculation
- Invoice Price: 1250 kg x ₹20/kg = ₹25,000
- Excise Duty (25%): ₹25,000 x 25% = ₹6,250
- Total Price including Excise: ₹25,000 + ₹6,250 = ₹31,250
Sales Tax and Discounts
- Sales Tax (8% on Invoice including Excise): ₹31,250 x 8% = ₹2,500
- Trade Discount (10% on Invoice Price): ₹25,000 x 10% = ₹2,500
- Net Invoice Amount after Trade Discount: ₹25,000 - ₹2,500 = ₹22,500
Insurance and Delivery Charges
- Insurance (1% on Aggregate Net Price): ₹22,500 x 1% = ₹225
- Delivery Charges: ₹250
Container Costs
- Cost of Containers (60 kg/container for 1250 kg): 1250 kg / 50 kg = 25 containers
- Total Container Cost: 25 x ₹60 = ₹1,500
- Rebate on Returned Containers: 25 containers (1 rejected) - 1 = 24 containers
- Rebate Amount: 24 x ₹40 = ₹960
Loading, Unloading, and Handling Costs
- Cost of Loading, Unloading, and Handling (0.25 of Material Cost):
- Material Cost (Accepted): ₹22,500
- Handling Cost: ₹22,500 x 0.25 = ₹5,625
Landed Cost Calculation
- Total Landed Cost:
- Net Invoice Amount: ₹22,500
- Insurance: ₹225
- Delivery Charges: ₹250
- Container Cost: ₹1,500
- Handling Cost: ₹5,625
- Less Rebate: ₹960
- Total Landed Cost: ₹22,500 + ₹225 + ₹250 + ₹1,500 + ₹5,625 - ₹960 = ₹30,140
Cost Per Kg
- Landed Cost per Kg: ₹30,140 / 1250 kg = ₹24.11
The landed cost of the material is approximately ₹24.11 per kg.
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The following details are available in respect of J A consignment of 1250 kgs of material invoice price rupees 20 per kg excise duty 25% on invoice price sales tax 8% on invoice price including excise duty trade discount 10% on invoice price insurance 1% on aggregate net price delivery charges Rs 250 cost of containers at rupees 60 per containers for 50 kgs of material rebate is allowed at rupees 40 per container return with them 6 weeks which is a normal feature one container load of material was rejected on inspection and not accepted cost of loading unloading and handling at 0.25 of cost of materials ultimately accepted on the basis of above you are required to find out the landed cost of per kg of material?
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The following details are available in respect of J A consignment of 1250 kgs of material invoice price rupees 20 per kg excise duty 25% on invoice price sales tax 8% on invoice price including excise duty trade discount 10% on invoice price insurance 1% on aggregate net price delivery charges Rs 250 cost of containers at rupees 60 per containers for 50 kgs of material rebate is allowed at rupees 40 per container return with them 6 weeks which is a normal feature one container load of material was rejected on inspection and not accepted cost of loading unloading and handling at 0.25 of cost of materials ultimately accepted on the basis of above you are required to find out the landed cost of per kg of material? 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 The following details are available in respect of J A consignment of 1250 kgs of material invoice price rupees 20 per kg excise duty 25% on invoice price sales tax 8% on invoice price including excise duty trade discount 10% on invoice price insurance 1% on aggregate net price delivery charges Rs 250 cost of containers at rupees 60 per containers for 50 kgs of material rebate is allowed at rupees 40 per container return with them 6 weeks which is a normal feature one container load of material was rejected on inspection and not accepted cost of loading unloading and handling at 0.25 of cost of materials ultimately accepted on the basis of above you are required to find out the landed cost of per kg of material? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The following details are available in respect of J A consignment of 1250 kgs of material invoice price rupees 20 per kg excise duty 25% on invoice price sales tax 8% on invoice price including excise duty trade discount 10% on invoice price insurance 1% on aggregate net price delivery charges Rs 250 cost of containers at rupees 60 per containers for 50 kgs of material rebate is allowed at rupees 40 per container return with them 6 weeks which is a normal feature one container load of material was rejected on inspection and not accepted cost of loading unloading and handling at 0.25 of cost of materials ultimately accepted on the basis of above you are required to find out the landed cost of per kg of material?.
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