From the following particulars prepare a statement in such form as you consider most suitable for showing clearly all elements of cost: ₹ Opening stock of raw materials 30,000 Purchase of raw materials 75,000 Raw materia

CS Executive · Cost and Management Accounting · PYQS · December 2013
From the following particulars prepare a statement in such form as you consider most suitable for showing clearly all elements of cost: ₹ Opening stock of raw materials 30,000 Purchase of raw materials 75,000 Raw materials returned to suppliers 3,000 Closing stock of raw materials 20,000 Wages paid to productive workers 18,500 Wages paid to non-productive workers 2,500 Salaries paid to office staff 5,000 Carriage on raw materials purchased 600 Carriage on goods sold 2,000 Fuel, gas, water, etc. 3,500 Repairs to plant 1,000 Depreciation on machinery 1,500 Office expenses 2,600 Direct chargeable expenses 1,200 Advertising 1,600 Abnormal loss of raw material 1,500 Sales 1,40,000

Topics: Cost Sheet

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