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vault backup: 21-01-2025 11:28:30 {{time}}
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@TJ2005
TJ2005 committed Jan 21, 2025
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125 changes: 123 additions & 2 deletions ...h Fourth Semester/Subjects/MAE/Management Accounting for Engineers Lecture 2.md
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Expand Up @@ -29,10 +29,12 @@ Time: 10:12
| | CACLCULATED | 36513 |
| Cost of goods sold | | |
| Sales Overhead | | |
| Sales Discount | 300 | |
| Advertisement Expense | 600 | |
| Sales Cost | 37113 | |
| Sales 15 per unit | 42000 | |
| | | 39800 |
| | 42000 | 4887 |
| Profit | 6387 | |
| | | |

### how we calculated Closing stock & Opening stock
The number of units produced August, 2021 was 3,000. The stock of finished goods was 200units (₹ 2800) and 400 units on 1.8.2021 and 31.8.2021 respectively.
Expand All @@ -47,8 +49,127 @@ so Production cost was $38900/3000$ = $12.96$ and closing stock was $400$ so $12
| Less : Closing Stock | 400 Units |
| Sales | 2800 Units |

## Question 2

| Particulars | Amount | Amount |
| ----------------------------------------- | -------- | --------- |
| Opening stock | 1,88,000 | |
| +Freight Inward | 32000 | |
| +Material Purchase | 8,32,000 | |
| -Closing Stock | 2,00,000 | |
| Direct Wages | 238400 | |
| **Prime Cost** | | 1090400 |
| | | |
| Factory overheads | | |
| Indirect Wages | 16000 | |
| Repairs to plant & Machinery | 42400 | |
| Rent Rate Taxes | 12000 | |
| Electricity | 48000 | |
| Fuel for boiler | 64000 | |
| Manager Salary<br>( 48,000 $\times$ 20% ) | 9600 | |
| Depreciation | 28400 | |
| | | 2,20,400 |
| Office Overheads | 6400 | |
| Furniture | 2400 | |
| General Charges | 24800 | |
| Directors | 24000 | |
| Managers Salary<br>(48000 $\times$ 80%) | 38400 | |
| Salary to administrative | 40,000 | |
| | | 1,36,000 |
| Cost of Productions | | 14,46,800 |
| | | |
| Cost of sales | | |
| Freight Outwards | 20,000 | |
| Salesman Salaries | 33600 | |
| Travelling Expenses | 12,400 | 66,000 |
| | | 15,12,800 |
| | | |

## Question 3
| Particulars | Amount | Amount |
| ----------------------------------------- | ------ | -------- |
| Direct Material | | |
| Material Used in Manufacturing | 5500 | |
| Materials used in Manufacturing | 1000 | |
| Freight on material | 500 | |
| | 7000 | 7000 |
| Labour Required in production | 1000 | |
| Direct Expenses | 500 | |
| Prime Cost | 1500 | **8500** |
| | | |
| Factory Overheads | | |
| Indirect Expenses | 100 | |
| Depreciation | 175 | |
| Factory Materials | 75 | |
| Supervision of the management for factory | 200 | |
| | 475 | 9050 |
| | | |
| Office Overheads | | |
| Office Expenses | 125 | |
| Materials office | 125 | |
| Depreciation | 75 | |
| | 325 | 9375 |
| | | |
| Sales Charges | | |
| Selling Expenses | 350 | |
| Materials used in selling | 150 | |
| Advertising | 125 | 625 |
| | | 10,000 |
| | | 3,333 |
| | | 13,333 |
$$x-1000=125x$$
$$0.75x=1000$$
$$x=13,333$$

Here's the detailed table you requested, formatted for clarity:

|**Particulars**|**Amount (₹)**|**Total (₹)**|
|---|---|---|
|**Prime Cost**|||
|Direct Raw Material|33,000||
|Direct Wages|35,000||
|Direct Expenses|3,000||
||**71,000**|**71,000**|
||||
|**Factory Overheads**|||
|Factory Rent and Rates|7,500||
|Indirect Wages (Factory)|10,500||
|Factory Lighting|2,050||
|Factory Heating|1,500||
|Power (Factory)|4,400||
|Director’s Remuneration (Factory)|2,000||
|Factory Clearing|1,000||
|Factory Stationary|750||
|Water Supply (Factory)|1,300||
|Factory Insurance|1,100||
|Depreciation (Plant & Machinery)|2,000||
||**34,100**|**1,05,100**|
||||
|**Office Overheads**|||
|Office Stationery|900||
|Sundry Office Expenses|200||
|Depreciation (Office Building)|1,000||
|Rent and Rates (Office)|500||
|Director’s Remuneration (Office)|4,000||
|Office Insurance|500||
|Legal Expenses (Office)|400||
||**7,500**|**1,12,600**|
||||
|**Selling and Distribution Overheads**|||
|Salaries of Salesmen|1,500||
|Commission on Sale|1,500||
|Advertisement|300||
|Upkeeping of Delivery Van|700||
|Depreciation (Delivery Van)|200||
|Rent of Warehouse|300||
||**4,500**|**1,17,100**|
||||
|**Total Sales Revenue and Profit**|||
|Total Sales Revenue|**2,00,000**||
|Cost of Sales|**1,17,100**||
|**Profit**|**82,900**||

Let me know if you'd like any changes or additional details!

# References

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