job & batch costing-illustrations
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Management Accounting By Paresh ShahOxford University Press
Chapter No. 7Chapter Name Job And Batch Costing
Dear Student / Reader,
To have on-hand experience, do exercises, by using following templates.
Illustration No.123456789
10
Till you get the message on screen, go on exercising it, to achieve the required level of skill and competency.
For any Query, contact at
Please fill the data in ORANGE colour cell, for following Illustrations.
The Answer will appear in BLUE colour.If your answer is right, a message will appear as "Answer is Right".
profpareshshah@yahoo.co.inprofpareshshah@fenilinstitute.org
Till you get the message on screen, go on exercising it, to achieve the required level of skill and competency.
Cost SheetAmt. (Rs.)
MaterialsWages
Dept A =Dept B = 0
OverheadsTotal Cost of a Job 0
Factory Overheads Charged to JobParticulars
RentFactory Overheads other than rent
Total 0
Job Cost Sheet
Particulars
Job no. Job no.
A 100 B 200
Rs. Rs.
MaterialLabour Machining department Assembly department Finishing department
Prime cost 0 0
Factory overheadMachining department Assembly department Finishing department
Factory cost 0 0
General administration
Total costs 0 0.00
Selling Price Profit 10% on total cost
order quantity 1price per orderCost Sheet
Particulars Rs. Rs.
MaterialsLabour: Blanking DeptMachining DeptWelding DeptAssembly Dept 0
Direct expenses: Hire of special equipment
Prime cost 0
Production overhead: BlankingMachining WeldingAssembly 0
Factory cost 0
Selling and administration overheads
Total cost 0 cost per order 0.000 profit per order 0.000
Job cost sheet for the year ending Dec. 31 2006Particulars Rs.
Direct materialsDirect wages
Prime cost 0 Factory overheads
Works cost 0 Administration overheads
Cost of production 0 Selling and distribution overheads
Cost of sales 0 Profit 0
Sales
Estimated job cost sheet for 2007Particulars Rs.
Direct materialDirect labour
Prime cost 0
Factory overheads
Works cost 0
Administration overheads
Total cost of production 0
Selling and distribution overheads
Cost of sales 0
Profit 0
Price to be quoted for the jobs
Statement of factory costParticulars
Rs. Rs.
MaterialsDirect wages
Prime cost 0 0
Add factory overheads
Factory cost 0 0
Halsey plan
Rowan plan
Overall Position of the OrderUnits = 1
Rs.Sales ValueTotal CostProfit 0
Cost Sheet For Six months ending 30th June
Months Jan. Feb. March
Batch output (units) 1.00 1.00 1.00
Sales Value(Rs.) 0.00 0.00 0.00
Cost of Material (Rs.)Direct Wages (Rs.)Chargeable Expenses (Rs.)
Total Cost (Rs.) 0.00 0.00 0.00
Total Cost per unit (Rs.) 0.00 0.00 0.00
Profit per batch (Rs.) 0.00 0.00 0.00
Profit per unit (Rs.) 0.00 0.00 0.00
Cost Sheet For Six months ending 30th June
April May June Total1.00 1.00 1.00 6.00
0.00 0.00 0.00 0.000.000.00
0.00
0.00 0.00 0.00 0.000.00 0.00 0.00 0.000.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
Cost Sheet
Particulars 3 months 9 months
Production (units) 0Rs. Rs. Rs.
Direct Material 0
Direct Labour 0Prime Cost 0 0 0Overheads:Fixed 0Variable 0
Semi-variable 0Total Cost 0 0 0 Profit 0
Sales Average selling price per unit Rs.
Total for the year
Cost sheet showing cost and profit per unit of batch
October November December
Batch (Units) 1 1 1
Sales Value
Materials Costs
Labour Costs
Overheads
Total Cost 0 0 0 Total Profit 0 0 0 Cost per unit 0 0 0 Profit per unit 0 0 0
Statement of Cost and ProfitRs. Rs.
Opening stock of Raw Materials
Add: Purchase of Raw materials0
Less: Closing stock of Raw materials0
Add: Carriage inward
Materials Consumed 0
Wage Prime Cost 0 Factory Expenses
Works manager’s salaryFactory employees’ salariesFactory rent, taxes and insurancePower expensesOther production expenses
Opening work in progress 00
Less Closing work in progress
General ExpensesCost of Production 0
0
Cost of Goods Sold 0 Selling Expenses
Sales TaxCost of Sale 0 Profit 0 Sales
Add: Opening stock of Finished Goods
Less: Closing Stock of Finished Goods
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