Cost Accounting 2.docx - INSTITUTE OF BUSINESS AND...

INSTITUTE OF BUSINESS AND MANAGEMENT SCIENCES
THE UNIVERSITY OF AGRICULTURE PESHAWAR
Assignment No. 02 of 02
MID TERM EXAMINATION
BBA (Hons) 6
th
Semester
Cost Accounting
Time: 1 Hour Total Marks: 10
Name: _________________________Section __________Class No. ______________
Note: Attempt all questions.
Q. No. 01 (Marks 05)
From the data given below prepare a cost sheet for the year ended 31 December, 2000.
Rupees
Stock of material on 1.1.2000
40000.00
Purchase of Material 1100000.00
Stock of Finished goods on 1.1.2000(5000 units) 50000.00
Productive wages 500000.00
Finished goods sold (1,74,000 units) 2436000.00
Works overhead 150000.00
Office expenses 100000.00
Selling and Distribution expenses 174000.00
Stock of material on 31.12.2000 140000.00
Stock of finished goods on 31.12.2000(6000 units) 60000.00
Note:
1. Work out the number of units produced during the year first.
2. Then prepare the Cost Sheet