|
COST AND PROFIT STATEMENT OF STOVES 1990
|
||
|
|
Amount
Rs.
Total
|
Amount
Rs.
Per
Unit
|
|
Opening
Stock of Materials 35000
|
|
|
|
Purchase of
Materials 52500
|
|
|
|
87500
|
|
|
|
Closing
stock of Materials 4900
|
|
|
|
VOLUME
OF MATERIAL CONSUMED
|
82600
|
20.65
|
|
Direct
wages
|
95000
|
23.75
|
|
PRIME COST
|
177600
|
44.40
|
|
Factory
expenses
|
17500
|
4.37
|
|
WORK
COST
|
195100
|
48.77
|
|
Establishment
expenses
|
10000
|
2.50
|
|
COST
OF PRODUCTION
|
205100
|
51.27
|
|
Opening
completed stock
|
-
|
|
|
Cost of
production during the prd
|
205100
|
|
|
Closing
completed stock
|
35000
|
|
|
COST
OF SALES
|
170100
|
|
|
PROFIT
|
18900
|
|
|
SELLING
PRICE
|
189000
|
|
|
STATEMENT SHOWING QUOTATION PRICE FOR 1000 STOVES
|
||
|
Materials
consumed
|
20650
|
|
|
15%
increase
|
3098
|
|
|
|
|
23748
|
|
Factory
wages
|
23750
|
|
|
10%a
increase
|
2375
|
|
|
PRIME
COST
|
|
26125
|
|
Factory
expenses
|
|
49873
|
|
|
|
4370
|
|
WORK
COST
|
|
54243
|
|
Establishment
expenses
|
|
2500
|
|
TOTAL
COST
|
|
56743
|
|
(profit 10%
of selling price of 1/9 of cost)
|
|
6305
|
|
SELLING
PRICE
|
|
63058
|
