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QUESTION
A manufacturing company submits the following information on 31. Sales for the year 275000 Inventories as on 1.
A manufacturing company submits the following information on 31.03.2013.
Rs.
Rs.
Sales for the year
275000
Inventories as on 1.4.2012
Materials
3000
WIP
4000
FG
8000
Raw materials purchased
110000
Direct labour
65000
Chargeable expenses
10000
Inventories as on 31.3.2013
Materials
4000
WIP
6000
FG
7000
Other Expenses:
Factory overheads @ 50% of direct labour
Administration overheads @ 10% of works cost
Selling overheads @ 5% of sales
Please help in preparing a cost sheet
