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  • Actual Vs Normal Capacity

    Загружено:

    RikiAchinta
    18 просмотров9 страниц
    The document contains cost sheets and profit and loss statements for a manufacturing company. It shows the material used, wages, factory overhead, office admin overhead, and selling expenses to calculate the cost of production, cost of goods sold, and profit from sales. 90% of output was sold for Rs. 15,00,000. It also compares absorption of fixed overheads based on actual output of 40,000 units vs normal capacity of 50,000 units.

    Исходное описание:

    Actual Vs Normal

    Оригинальное название

    Actual vs Normal Capacity

    Авторское право

    © © All Rights Reserved

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    The document contains cost sheets and profit and loss statements for a manufacturing company. It shows the material used, wages, factory overhead, office admin overhead, and selling expenses to calculate the cost of production, cost of goods sold, and profit from sales. 90% of output was sold for Rs. 15,00,000. It also compares absorption of fixed overheads based on actual output of 40,000 units vs normal capacity of 50,000 units.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате XLSX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    18 просмотров9 страниц

    Actual Vs Normal Capacity

    Загружено:

    RikiAchinta
    The document contains cost sheets and profit and loss statements for a manufacturing company. It shows the material used, wages, factory overhead, office admin overhead, and selling expenses to calculate the cost of production, cost of goods sold, and profit from sales. 90% of output was sold for Rs. 15,00,000. It also compares absorption of fixed overheads based on actual output of 40,000 units vs normal capacity of 50,000 units.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате XLSX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 9

    Example:

    Material used
    Wages
    Factory OH
    Office and Admin OH
    Selling Exp.
    90% of the output was sold for Rs.15,00,000

    Rs.

    5,00,000

    600,000.00
    350,000.00
    200,000.00
    170,000.00
    120,000.00

    COST SHEET
    Material Used
    Wages
    PRIME COST
    Factory OH
    Cost of Production

    Rs.
    600,000.00
    350,000.00
    950,000.00
    200,000.00
    1,150,000.00

    Statement of Profit and Loss


    Cost of Goods produced
    Less: value of Stock @ 10%

    1,150,000.00
    115,000.00

    Cost of Goods sold


    Add: Admin OH
    Add: Selling and Distribution OH
    Cost of Sales

    1,035,000.00
    170,000.00
    120,000.00
    1,325,000.00

    Profit

    175,000.00

    Sales

    1,500,000.00

    COST SHEET
    Material Used
    Wages
    PRIME COST
    Factory OH
    Add: Admin OH
    Cost of Production

    Rs.
    600,000.00
    350,000.00
    950,000.00
    200,000.00
    170,000.00
    1,320,000.00

    Statement of Profit and Loss


    Cost of Goods produced
    Less: value of Stock @ 10%

    1,320,000.00
    132,000.00

    Cost of Goods sold


    Add: Selling and Distribution O
    Cost of Sales

    1,188,000.00
    120,000.00
    1,308,000.00

    Profit

    192,000.00

    Sales

    1,500,000.00

    Materials
    Direct Labour
    PRIME COST
    Factory Overhead:
    Constant (Rs.200,000)
    Variable
    WORKS COST
    Office Overheads:
    (Rs.100,000 fixed)
    COST OF PRODUCTION
    Selling Overheads:
    Constant-Rs.100,000
    Variable
    COST OF SALES
    Profit
    Sellinmg Price
    Profit

    40,000 units
    On the basos of
    actual output
    5.00
    4.50
    9.50

    50,000 units
    Normal
    output (capacity)
    5.00
    4.50
    9.50

    5.00
    1.50
    16.00

    4.00
    1.50
    15.00

    2.50
    18.50

    2.00
    17.00

    2.50
    1.00

    2.00
    1.00

    22.00
    1.00
    23.00

    20.00
    3.00
    23.00

    40,000.00

    150,000.00

    Absorption of Fixed Overheads over output-Actual or at Normal Capacity


    40,000
    On the basos of
    actual output
    Total
    Materials
    5.00
    200,000.00
    Direct Labour
    4.50
    180,000.00
    PRIME COST
    9.50
    380,000.00
    Factory Overhead:
    Constant (Rs.200,000)
    5.00
    160,000.00
    Variable
    1.50
    60,000.00
    WORKS COST
    16.00
    600,000.00
    Office Overheads:
    (Rs.100,000 fixed)
    2.50
    80,000.00
    COST OF PRODUCTION
    18.50
    680,000.00
    Selling Overheads:
    Constant-Rs.100,000
    2.50
    80,000.00
    Variable
    1.00
    40,000.00
    COST OF SALES
    Profit
    Sellinmg Price

    Profit
    Less: expenses unrecovers

    22.00
    1.00
    23.00

    10000*(4+2+2)

    800,000.00
    120,000.00
    920,000.00

    120,000.00
    80,000.00

    l Capacity
    Amount
    unrecovered

    50,000 units
    Normal
    output (capacity)
    5.00
    4.50
    9.50

    40,000.00

    4.00
    1.50
    15.00

    20,000.00

    2.00
    17.00

    20,000.00

    2.00
    1.00

    80,000.00

    20.00
    3.00
    23.00

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