Cost Accounting Problem, Need Solution in EXCEL FILE

| March 29, 2017

Question
Cost Accounting Problem, Need Solution in EXCEL FILE.

Particular

$

$

Particular

$

$

Direct materials

40,000

Consumable stores

1,000

Direct wages

10,000

Manager’s salary

2,000

Direct expense

2,000

Director’s fees

500

Oil and waste

100

Office printing & stationery

200

Wages of foremen

1,000

Telephone charges

50

Storekeeper’s wages

500

Postage, telegrams

100

Electric power

200

Salesmen’s commission & salary

500

Lighting – Factory

500

Travelling expenses

200

Office

200

700

Advertising

500

Rent – Factory

2,000

Warehouse charges

200

Office

1,000

3,000

Carriage outward

150

Repairs and Renewals:

Factory -plant

500

– machinery

1,000

– Office premises

200

1,700

Depreciation

– Office Premises

500

– Plant and machinery

200

700

Required:

Calculate prime cost, factory cost, cost of production and cost of sales from the above Cost Sheet particulars.

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