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    Cost Accounting Example

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    shamilisekar
    As the cost accounts chief, you are required to help the management in the matter of submission of the quotation by the preparation of cost estimate. Total Output (in units) : 20,000 Expenses Incurred Local Raw Materials consumed Imports of Raw Material (actual consumption) Fuel Tools consumed Depreciation on Plant Salaries of Works Personnel Excise Duty on production Sales Depots Packaging and distribution.

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    Cost Accounting Example

    Uploaded by

    shamilisekar
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    As the cost accounts chief, you are required to help the management in the matter of submission of the quotation by the preparation of cost estimate. Total Output (in units) : 20,000 Expenses Incurred Local Raw Materials consumed Imports of Raw Material (actual consumption) Fuel Tools consumed Depreciation on Plant Salaries of Works Personnel Excise Duty on production Sales Depots Packaging and distribution.

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    As the cost accounts chief, you are required to help the management in the matter of submission of the quotation by the preparation of cost estimate. Total Output (in units) : 20,000 Expenses Incurred Local Raw Materials consumed Imports of Raw Material (actual consumption) Fuel Tools consumed Depreciation on Plant Salaries of Works Personnel Excise Duty on production Sales Depots Packaging and distribution.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    3 views1 page

    Cost Accounting Example

    Uploaded by

    shamilisekar
    As the cost accounts chief, you are required to help the management in the matter of submission of the quotation by the preparation of cost estimate. Total Output (in units) : 20,000 Expenses Incurred Local Raw Materials consumed Imports of Raw Material (actual consumption) Fuel Tools consumed Depreciation on Plant Salaries of Works Personnel Excise Duty on production Sales Depots Packaging and distribution.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    Your company is an export-oriented organization manufacturing Internalcommunication equipment of a standard size.

    The company is to send quotations to foreign buyers of your product. As the Cost Accounts Chief, you are required to help the management in the matter of submission of the quotation by the preparation of cost estimate based on the following figures relating to the year 1998. Total Output (in units) : 20,000 Expenses Incurred Local Raw Materials consumed Imports of Raw Material (actual consumption) Direct Labour in Works Indirect Labour in Works Storage of Raw Materials and Spares Fuel Tools Consumed Depreciation on Plant Salaries of Works Personnel Excise Duty on production Administrative Office Expenses Salary of the Managing Director Salary of the Joint Managing Director Fees of Directors Expenses on Advertising Selling Expenses Sales Depots Packaging and Distribution Note: i. ii. iii. Local Raw Materials now cost 10% more. A profit margin of 20% on Sales is kept. The Government grants subsidy of Rs.100 per unit of export. Rs. 10,00,000 1,00,000 10,00,000 2,00,000 50,000 1,50,000 20,000 1,00,000 1,00,000 2,00,000 2,00,000 60,000 40,000 20,000 1,60,000 1,80,000 1,20,000 1,20,000

    Prepare the Cost Statement. Ref: Cost Accounting Principles and Practice S.P.Jain, K.L.Narang (Kalyani Publishers)

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