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    Samsoe - Ma - Costing - Set A

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    kapil soni
    The document provides information about Super Vision Company's TV manufacturing for the year, including materials, wages, expenses and sales costs. It asks to prepare a cost sheet showing per unit costs and an estimated cost sheet for the next year assuming increases in materials and wages costs, and overhead costs recovered as percentages of direct wages and works cost. It also provides data on a company's profit/volume ratio, break-even point and asks to calculate profit, new break-even point and expected sales given reduced price and unchanged costs.

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    Samsoe - Ma - Costing - Set A

    Uploaded by

    kapil soni
    108 views1 page
    The document provides information about Super Vision Company's TV manufacturing for the year, including materials, wages, expenses and sales costs. It asks to prepare a cost sheet showing per unit costs and an estimated cost sheet for the next year assuming increases in materials and wages costs, and overhead costs recovered as percentages of direct wages and works cost. It also provides data on a company's profit/volume ratio, break-even point and asks to calculate profit, new break-even point and expected sales given reduced price and unchanged costs.

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    SAMSOE_MA_COSTING_SET A

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    The document provides information about Super Vision Company's TV manufacturing for the year, including materials, wages, expenses and sales costs. It asks to prepare a cost sheet showing per unit costs and an estimated cost sheet for the next year assuming increases in materials and wages costs, and overhead costs recovered as percentages of direct wages and works cost. It also provides data on a company's profit/volume ratio, break-even point and asks to calculate profit, new break-even point and expected sales given reduced price and unchanged costs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    108 views1 page

    Samsoe - Ma - Costing - Set A

    Uploaded by

    kapil soni
    The document provides information about Super Vision Company's TV manufacturing for the year, including materials, wages, expenses and sales costs. It asks to prepare a cost sheet showing per unit costs and an estimated cost sheet for the next year assuming increases in materials and wages costs, and overhead costs recovered as percentages of direct wages and works cost. It also provides data on a company's profit/volume ratio, break-even point and asks to calculate profit, new break-even point and expected sales given reduced price and unchanged costs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    SUBJECT : Managerial Accounts Marks: 20 Time 50 min

    Q1.Super Vision Company furnishes you with the following information about its 1000 TV
    sets manufactured and sold during the year:
    Particulars ₹ Particulars ₹
    Materials 18,00,000 Office and Administration Expenses 6,80,000
    Direct Wages 10,00,000 Selling & Distribution Expenses 1,20,000
    Power and Stores 2,40,000 Sale of Scrap 40,000
    Indirect Wages 3,00,000 Sales of 1000 TV Sets 62,00,000
    Factory Lighting 1,20,000 Repairs and depreciation Machinery
    Cost of rectifying detective work 60,000 2,00,000

    Prepare the cost sheet for the above year, showing the elements of cost per unit. Prepare also
    the estimated cost sheet for the next year assuming that:
    1) Materials Cost and direct wages cost will increase by 10% and 15% respectively.
    2) Factory overheads will be recovered as a percentage of direct wages, as last year.
    3) Office overheads and selling overheads will be recovered as percentage of works cost,
    as last year, and
    4) 1500 TV sets will be produced and sold at ₹ 6,000 each in the next year.

    Q2)(a) From the following data, calculate:


    (a) P/V ratio,
    (b) Profit when sales are Rs. 10,000, and
    (c) New break-even point if selling price is reduced by 20%.
    Fixed cost Rs. 2,000
    Break-even point Rs. 5,000
    (5 marks)
    b) A Company has fixed cost Rs. 90,000 with sales at Rs. 3,00,000 and a profit of Rs. 60,000
    during the first half. If in the next half year, the company suffered a loss of Rs. 30,000,
    calculate.
    (i) The P/V ratio, break-even point and margin of safety for the first half year,
    (ii) Expected sales volume for next half year assuming that selling price and fixed cost
    remain unchanged.
    (iii) The break-even point and margin of safety for the whole year. (5 marks)

    ==================================

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