Calculate cost of sales from the following: Net Works cost: ₹ 2,00,000 Office and Administration Overheads: ₹ 1,00,000 Opening stock of WIP: ₹ 10,000 Closing stock of WIP: ₹ 20,000 Closing stock of finished goods: ₹ 30,0
CS Executive · Corporate and Management Accounting · PYQS · December 2024
Calculate cost of sales from the following: Net Works cost: ₹ 2,00,000 Office and Administration Overheads: ₹ 1,00,000 Opening stock of WIP: ₹ 10,000 Closing stock of WIP: ₹ 20,000 Closing stock of finished goods: ₹ 30,000 There was no opening stock of finished goods. Selling overheads: ₹ 10,000.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Cost Accounting
Related Questions in this Topic
- A company has fixed expenses of ₹ 1,80,000 with sales at ₹ 6,00,000 and a profit of ₹ 1,20,000. Calculate margin of safe...
- On the basis of Q. No. 92, you are required to calculate profit earned when sales are ₹ 3,50,000.
- On the basis of Q. No. 92, you are required to calculate required sales for a profit of ₹ 1,25,000
- On the basis of Q. No. 92, you are required to calculate Break-Even-Sales.
- The total cost and profit during two periods were as follow: Period 1 Period 2 Total Cost ₹ 4,50,000 ₹ 6,5...