Problem 25. The following details are available from a company’s books. | Stock of Raw Material om 1-1-1981 a, Stock of Finished Goods on 1-1-1981 280 Purchases. during the year 292) Productive Wages | 1,98, { Sales of Firished Coots : so2.000 | Stock of Finished Goods on 31-12-1981 30, Stock of Raw Material da 31-12-1981, 13,6009 Works overhead. | : B19 | Ofc and General Bxpensés 35.54 | The company is about to send a tender for large iti The costing department estimates that the material required would! cobt Rs, 20,000 and wages for making the plant would cost. Rs 12,000, Teter is to be made keeping a net ptofit of 20% on the selling price. $tate| what would -be thie amount of the tender, if baséd of the percentages. Problem 9. M/s. M.T. ‘Shoe Co. manufactures two types of shoes A. and B. Production costs for the year ended 3 Ist March 1980 were: Re Direct Material 15,00,000 i Direct Wages 840,000. Production overhead 3,60,000. t 27,0000 _."There-was no Work in Progress at-the beginning ot atth¢ end of the year. Itis ascertained that i 1 “Tay Dine Material in type A SOEs Consists twice as much as that in type B shoves. if (b) The direct wages for type B shoes were 60% of those|for type A. shoes. {(c) Production overhead was the same per pair of A and ._ (d) Administrative overhead for each type Was 150% of di (@) Selling cost was Rs.1.50 per pair; (P Production during the year were: | ‘Type A 40.000 pairs of which 36,000;were sold. } Type 120,000 pairs of which 100,000 were sold. | (g) Selling price was Rs. 44 for type A and Rs.28 per pair fof type B. Prepare a Statement showing Cost and ProfitThis document was created with Win2PDF available at http://www.win2paf.com. The unregistered version of Win2PDF is for evaluation or non-commercial use only. This page will not be added after purchasing Win2PDF.Q4. A product passes through two processes. The output of Process I becomes the input of Process Il and the output of Process Il is transferred to the warehouse. The quantity of raw materials introduced into process [is 20,000 kg at Rs, 10 per kg. The cost and output data for the month under review are as under- Process T Process Direct materials Rs. 60,000 Rs, 40,000 Direct Labour Rs, 40,000 Rs. 30,000 Production overheads Rs. 39,000 Rs. 40,250 ‘Normal Loss 8% 5% Output 18,000 17,400 Loss realization of Rs. / Unit 2.00 3.00 The company’s policy is to fix the Selling price of end product in such a way as to yield a Profit of 20% on Selling price. Required (i) Prepare the Process Accounts (ii), Determine the Selling price per unit of the end product.