INTRODUCTIONAfter Liberation of Bangladesh intensive efforts were undertaken to accelerate the rate of industrialization in the country At the beginning import substitution and subsequently export-led economic growth strategy was pursued for industrialization In order to attain this objective large amount of industrial credit was funneled to the industrial sector But the whole exercise of industrialization came to a halt with the massive diversion of resources to other non priority sectors Small and medium enterprises are particularly suitable for densely populated countries like Bangladesh where SME sector can provide employment with much lower investment per job provided Out of 11 employment of the civilian labor force provided by the manufacturing sector about one thirds are estimated to be provided by the Confectionery Business Sector

This report discusses about the differen type of sweets made by some selective company in comilla Bangladesh and its problemsLimitations To do so it has searched various aspects about the issues in different avenues

As a student of Management it is needed to get practical knowledge about Field work We believe that this report would help me in the long run to understand the Actual scene of the Sweets Business which help our practical life

VISIONamp MISSIONA strong and successful sweets company respected by stakeholders with products enjoyed by consumers as part of a balanced diet

So the vision is-

1 Gathering informationrsquos about the safety quality and taste of confectionery products to maintain the culture and tradition of our origins

2 To confirm that the raw materials are sourced and products manufactured in a responsible manner from an economical environmental and social point of view

Objective of the study

In line with the research topic the basic objective of the study is to evaluate costing system and operation procedure of the different type of sweets made by some selective company in comilla To achieve the aim of the research the study will seek to answer the following questions1048698 What is the manufacturing process of CI Sheet and Ridge1048698 How costs are accumulated in the functional areas

Page | 1

Methodology of the Study

Basically this study analyses data from primary and secondary sources Apart from the review of relevant literatures the study has analyzed the manufacturing process and cost accumulation in the cost centers However the methodology used in this study is largely qualitative and explorative Interviewing the respective labour and owner of the company primary data have been collected The main sources of secondary data were the Reports of the company operation manual cost accounting records etc The collected data and information have been processed manually and report in the present form has been prepared in order to make the study more informative analytical and useful for the users

Limitation of the Study

The study is limited to a single CI Sheet and Ridge manufacturing company As a result comparison between two or among more manufacturers in the similar product line is not possible Moreover due to organizational obligation some interviewees showed reluctant to provide required information

Page | 2

Different types of sweets

Page | 3

Specially focus on

Sondesh

Page | 4

1 From the following particulars you are required to prepare a monthly cost of sheet of Vogoboti Pera Vandar showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 7000 Materials purchased 50000Rent Taxes and Insurance (factory) 9000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 12000Depreciaton on plant amp machinery 2000

Rent Taxes amp insurance (office) 7000Gas amp Water (office)Vat 15 on sale 1000Stock of materials as on 31st December Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale 400kg475 tk Note Raw materials consists ofMilk 20kg30 days per =600kg60 tk =36000Sugar 5kg30 days per =150kg50tk = 7500Flour 5kg30 days per =150kg 35tk =5250SAJ 25Piece10 tk = 250 Vagoboti Pera Vandar Statement of cost

Page | 5

Month ended 280214

Material consumedOpening stock 7000Purchase raw materials 50000 77000Less Closing stock 5000 62000 Labour wages 17000Direct expenses 13000 Prime cost 82000Factory ExpensesRent Taxes amp Insurance 9000Gasamp Water 3000Depreciaton on plant amp machinery 2000 14000 Factory cost 96000Office amp Administrative ExpensesManagers Salary 12000Rent Taxes amp Insurance 7000 Gas amp Water 1000 20000 Cost of producion 116000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 2000Vat 15 on sale 28500 38500

Cost of sale 154500Net profit (blancing figure) 35500 Sales 190000

Page | 6

2 From the following particulars you are required to prepare a monthly cost of sheet of Jolojogok showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 5000 Materials purchased 60000Rent Taxes and Insurance (factory) 10000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 15000Depreciaton on plant amp machinery 2000Direct expensesRent Taxes amp insurance (office) 8000Gas amp Water (office) 1000Vat 15 on sale Stock of materials as on 31st December 6000Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale toal 400 kg500tk Note Raw materials consists ofMilk 25kg30 days per =750kg60 tk =45000Sugar 75kg30 days per =225kg50tk = 7850Flour 667kg30 days per =200kg 35tk =800SAJ 25Piece10 tk = 250

Jolojog mistannoloyStatement of cost

Month ended 280214

Page | 7

Material consumedOpening stock 5000Purchase raw materials 60000 65000Less Closing stock 6000 59000 Labour wages 17000Direct expenses 13000 Prime cost 79000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 2000 15000 Factory cost 95000Office amp Administrative ExpensesManagers Salary 10000Rent Taxes amp Insurance 8000 Gas amp Water 1000 29000 Cost of producion 118000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 3000Vat 15 on sale 30000 41000

Cost of sale 159500Net profit (blancing figure) 60500 Sales 200000

Page | 8

3 From the following particulars you are required to prepare a monthly cost of sheet of MIDHAI showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 8000 Materials purchased 55000Rent Taxes and Insurance (factory) 10000Labour wages 15000Direct expenses 14000Gas amp Water 3000Managerrsquos salary 14000Depreciaton on plant amp machinery 3000Rent Taxes amp insurance (office) 7000Gas amp Water (office) 2000 Vat 15 on sale Stock of materials as on 31st December 8000 Travellars salarise amp comission 13000Carriage amp cartage outwards 3050Sale 400kg520 tk Note Raw materials consists ofMilk 22kg30 days per =660kg60 tk =39600Sugar 566kg30 days per =170kg50tk = 8500Flour 634kg30 days per =190kg 35tk =5250SAJ 25Piece10 tk = 250 55000 Tk

Midhai misstannoloy Statement of cost Month ended 280214

Page | 9

Material consumedOpening stock 8000Purchase raw materials 55000 63000Less Closing stock 8000 55000 Labour wages 15000Direct expenses 14000 Prime cost 74000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 3000 16000 Factory cost 90000Office amp Administrative ExpensesManagers Salary 14000Rent Taxes amp Insurance 7000 Gas amp Water 2000 23000 Cost of producion 113000Selling amp Distribution ExpensesTravelers salaries amp commission 16000Carriage amp cartage outwards 3050Vat 15 on sale 31200 50250 Cost of sale 154500Net profit (balancing figure) 54000 Sales 208000

LimitationSince the study is an empirical one based on field-work through the interviews of sweets shop owners it has some obvious limitations These are as follows

Data collection through primary source or through interview was a time consuming matter The respondents sometimes were found non-cooperative with the interviewers

Page | 10

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

Methodology of the Study

Basically this study analyses data from primary and secondary sources Apart from the review of relevant literatures the study has analyzed the manufacturing process and cost accumulation in the cost centers However the methodology used in this study is largely qualitative and explorative Interviewing the respective labour and owner of the company primary data have been collected The main sources of secondary data were the Reports of the company operation manual cost accounting records etc The collected data and information have been processed manually and report in the present form has been prepared in order to make the study more informative analytical and useful for the users

Limitation of the Study

The study is limited to a single CI Sheet and Ridge manufacturing company As a result comparison between two or among more manufacturers in the similar product line is not possible Moreover due to organizational obligation some interviewees showed reluctant to provide required information

Page | 2

Different types of sweets

Page | 3

Specially focus on

Sondesh

Page | 4

1 From the following particulars you are required to prepare a monthly cost of sheet of Vogoboti Pera Vandar showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 7000 Materials purchased 50000Rent Taxes and Insurance (factory) 9000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 12000Depreciaton on plant amp machinery 2000

Rent Taxes amp insurance (office) 7000Gas amp Water (office)Vat 15 on sale 1000Stock of materials as on 31st December Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale 400kg475 tk Note Raw materials consists ofMilk 20kg30 days per =600kg60 tk =36000Sugar 5kg30 days per =150kg50tk = 7500Flour 5kg30 days per =150kg 35tk =5250SAJ 25Piece10 tk = 250 Vagoboti Pera Vandar Statement of cost

Page | 5

Month ended 280214

Material consumedOpening stock 7000Purchase raw materials 50000 77000Less Closing stock 5000 62000 Labour wages 17000Direct expenses 13000 Prime cost 82000Factory ExpensesRent Taxes amp Insurance 9000Gasamp Water 3000Depreciaton on plant amp machinery 2000 14000 Factory cost 96000Office amp Administrative ExpensesManagers Salary 12000Rent Taxes amp Insurance 7000 Gas amp Water 1000 20000 Cost of producion 116000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 2000Vat 15 on sale 28500 38500

Cost of sale 154500Net profit (blancing figure) 35500 Sales 190000

Page | 6

2 From the following particulars you are required to prepare a monthly cost of sheet of Jolojogok showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 5000 Materials purchased 60000Rent Taxes and Insurance (factory) 10000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 15000Depreciaton on plant amp machinery 2000Direct expensesRent Taxes amp insurance (office) 8000Gas amp Water (office) 1000Vat 15 on sale Stock of materials as on 31st December 6000Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale toal 400 kg500tk Note Raw materials consists ofMilk 25kg30 days per =750kg60 tk =45000Sugar 75kg30 days per =225kg50tk = 7850Flour 667kg30 days per =200kg 35tk =800SAJ 25Piece10 tk = 250

Jolojog mistannoloyStatement of cost

Month ended 280214

Page | 7

Material consumedOpening stock 5000Purchase raw materials 60000 65000Less Closing stock 6000 59000 Labour wages 17000Direct expenses 13000 Prime cost 79000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 2000 15000 Factory cost 95000Office amp Administrative ExpensesManagers Salary 10000Rent Taxes amp Insurance 8000 Gas amp Water 1000 29000 Cost of producion 118000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 3000Vat 15 on sale 30000 41000

Cost of sale 159500Net profit (blancing figure) 60500 Sales 200000

Page | 8

3 From the following particulars you are required to prepare a monthly cost of sheet of MIDHAI showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 8000 Materials purchased 55000Rent Taxes and Insurance (factory) 10000Labour wages 15000Direct expenses 14000Gas amp Water 3000Managerrsquos salary 14000Depreciaton on plant amp machinery 3000Rent Taxes amp insurance (office) 7000Gas amp Water (office) 2000 Vat 15 on sale Stock of materials as on 31st December 8000 Travellars salarise amp comission 13000Carriage amp cartage outwards 3050Sale 400kg520 tk Note Raw materials consists ofMilk 22kg30 days per =660kg60 tk =39600Sugar 566kg30 days per =170kg50tk = 8500Flour 634kg30 days per =190kg 35tk =5250SAJ 25Piece10 tk = 250 55000 Tk

Midhai misstannoloy Statement of cost Month ended 280214

Page | 9

Material consumedOpening stock 8000Purchase raw materials 55000 63000Less Closing stock 8000 55000 Labour wages 15000Direct expenses 14000 Prime cost 74000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 3000 16000 Factory cost 90000Office amp Administrative ExpensesManagers Salary 14000Rent Taxes amp Insurance 7000 Gas amp Water 2000 23000 Cost of producion 113000Selling amp Distribution ExpensesTravelers salaries amp commission 16000Carriage amp cartage outwards 3050Vat 15 on sale 31200 50250 Cost of sale 154500Net profit (balancing figure) 54000 Sales 208000

LimitationSince the study is an empirical one based on field-work through the interviews of sweets shop owners it has some obvious limitations These are as follows

Data collection through primary source or through interview was a time consuming matter The respondents sometimes were found non-cooperative with the interviewers

Page | 10

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

Different types of sweets

Page | 3

Specially focus on

Sondesh

Page | 4

1 From the following particulars you are required to prepare a monthly cost of sheet of Vogoboti Pera Vandar showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 7000 Materials purchased 50000Rent Taxes and Insurance (factory) 9000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 12000Depreciaton on plant amp machinery 2000

Rent Taxes amp insurance (office) 7000Gas amp Water (office)Vat 15 on sale 1000Stock of materials as on 31st December Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale 400kg475 tk Note Raw materials consists ofMilk 20kg30 days per =600kg60 tk =36000Sugar 5kg30 days per =150kg50tk = 7500Flour 5kg30 days per =150kg 35tk =5250SAJ 25Piece10 tk = 250 Vagoboti Pera Vandar Statement of cost

Page | 5

Month ended 280214

Material consumedOpening stock 7000Purchase raw materials 50000 77000Less Closing stock 5000 62000 Labour wages 17000Direct expenses 13000 Prime cost 82000Factory ExpensesRent Taxes amp Insurance 9000Gasamp Water 3000Depreciaton on plant amp machinery 2000 14000 Factory cost 96000Office amp Administrative ExpensesManagers Salary 12000Rent Taxes amp Insurance 7000 Gas amp Water 1000 20000 Cost of producion 116000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 2000Vat 15 on sale 28500 38500

Cost of sale 154500Net profit (blancing figure) 35500 Sales 190000

Page | 6

2 From the following particulars you are required to prepare a monthly cost of sheet of Jolojogok showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 5000 Materials purchased 60000Rent Taxes and Insurance (factory) 10000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 15000Depreciaton on plant amp machinery 2000Direct expensesRent Taxes amp insurance (office) 8000Gas amp Water (office) 1000Vat 15 on sale Stock of materials as on 31st December 6000Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale toal 400 kg500tk Note Raw materials consists ofMilk 25kg30 days per =750kg60 tk =45000Sugar 75kg30 days per =225kg50tk = 7850Flour 667kg30 days per =200kg 35tk =800SAJ 25Piece10 tk = 250

Jolojog mistannoloyStatement of cost

Month ended 280214

Page | 7

Material consumedOpening stock 5000Purchase raw materials 60000 65000Less Closing stock 6000 59000 Labour wages 17000Direct expenses 13000 Prime cost 79000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 2000 15000 Factory cost 95000Office amp Administrative ExpensesManagers Salary 10000Rent Taxes amp Insurance 8000 Gas amp Water 1000 29000 Cost of producion 118000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 3000Vat 15 on sale 30000 41000

Cost of sale 159500Net profit (blancing figure) 60500 Sales 200000

Page | 8

3 From the following particulars you are required to prepare a monthly cost of sheet of MIDHAI showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 8000 Materials purchased 55000Rent Taxes and Insurance (factory) 10000Labour wages 15000Direct expenses 14000Gas amp Water 3000Managerrsquos salary 14000Depreciaton on plant amp machinery 3000Rent Taxes amp insurance (office) 7000Gas amp Water (office) 2000 Vat 15 on sale Stock of materials as on 31st December 8000 Travellars salarise amp comission 13000Carriage amp cartage outwards 3050Sale 400kg520 tk Note Raw materials consists ofMilk 22kg30 days per =660kg60 tk =39600Sugar 566kg30 days per =170kg50tk = 8500Flour 634kg30 days per =190kg 35tk =5250SAJ 25Piece10 tk = 250 55000 Tk

Midhai misstannoloy Statement of cost Month ended 280214

Page | 9

Material consumedOpening stock 8000Purchase raw materials 55000 63000Less Closing stock 8000 55000 Labour wages 15000Direct expenses 14000 Prime cost 74000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 3000 16000 Factory cost 90000Office amp Administrative ExpensesManagers Salary 14000Rent Taxes amp Insurance 7000 Gas amp Water 2000 23000 Cost of producion 113000Selling amp Distribution ExpensesTravelers salaries amp commission 16000Carriage amp cartage outwards 3050Vat 15 on sale 31200 50250 Cost of sale 154500Net profit (balancing figure) 54000 Sales 208000

LimitationSince the study is an empirical one based on field-work through the interviews of sweets shop owners it has some obvious limitations These are as follows

Data collection through primary source or through interview was a time consuming matter The respondents sometimes were found non-cooperative with the interviewers

Page | 10

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

Specially focus on

Sondesh

Page | 4

1 From the following particulars you are required to prepare a monthly cost of sheet of Vogoboti Pera Vandar showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 7000 Materials purchased 50000Rent Taxes and Insurance (factory) 9000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 12000Depreciaton on plant amp machinery 2000

Rent Taxes amp insurance (office) 7000Gas amp Water (office)Vat 15 on sale 1000Stock of materials as on 31st December Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale 400kg475 tk Note Raw materials consists ofMilk 20kg30 days per =600kg60 tk =36000Sugar 5kg30 days per =150kg50tk = 7500Flour 5kg30 days per =150kg 35tk =5250SAJ 25Piece10 tk = 250 Vagoboti Pera Vandar Statement of cost

Page | 5

Month ended 280214

Material consumedOpening stock 7000Purchase raw materials 50000 77000Less Closing stock 5000 62000 Labour wages 17000Direct expenses 13000 Prime cost 82000Factory ExpensesRent Taxes amp Insurance 9000Gasamp Water 3000Depreciaton on plant amp machinery 2000 14000 Factory cost 96000Office amp Administrative ExpensesManagers Salary 12000Rent Taxes amp Insurance 7000 Gas amp Water 1000 20000 Cost of producion 116000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 2000Vat 15 on sale 28500 38500

Cost of sale 154500Net profit (blancing figure) 35500 Sales 190000

Page | 6

2 From the following particulars you are required to prepare a monthly cost of sheet of Jolojogok showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 5000 Materials purchased 60000Rent Taxes and Insurance (factory) 10000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 15000Depreciaton on plant amp machinery 2000Direct expensesRent Taxes amp insurance (office) 8000Gas amp Water (office) 1000Vat 15 on sale Stock of materials as on 31st December 6000Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale toal 400 kg500tk Note Raw materials consists ofMilk 25kg30 days per =750kg60 tk =45000Sugar 75kg30 days per =225kg50tk = 7850Flour 667kg30 days per =200kg 35tk =800SAJ 25Piece10 tk = 250

Jolojog mistannoloyStatement of cost

Month ended 280214

Page | 7

Material consumedOpening stock 5000Purchase raw materials 60000 65000Less Closing stock 6000 59000 Labour wages 17000Direct expenses 13000 Prime cost 79000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 2000 15000 Factory cost 95000Office amp Administrative ExpensesManagers Salary 10000Rent Taxes amp Insurance 8000 Gas amp Water 1000 29000 Cost of producion 118000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 3000Vat 15 on sale 30000 41000

Cost of sale 159500Net profit (blancing figure) 60500 Sales 200000

Page | 8

3 From the following particulars you are required to prepare a monthly cost of sheet of MIDHAI showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 8000 Materials purchased 55000Rent Taxes and Insurance (factory) 10000Labour wages 15000Direct expenses 14000Gas amp Water 3000Managerrsquos salary 14000Depreciaton on plant amp machinery 3000Rent Taxes amp insurance (office) 7000Gas amp Water (office) 2000 Vat 15 on sale Stock of materials as on 31st December 8000 Travellars salarise amp comission 13000Carriage amp cartage outwards 3050Sale 400kg520 tk Note Raw materials consists ofMilk 22kg30 days per =660kg60 tk =39600Sugar 566kg30 days per =170kg50tk = 8500Flour 634kg30 days per =190kg 35tk =5250SAJ 25Piece10 tk = 250 55000 Tk

Midhai misstannoloy Statement of cost Month ended 280214

Page | 9

Material consumedOpening stock 8000Purchase raw materials 55000 63000Less Closing stock 8000 55000 Labour wages 15000Direct expenses 14000 Prime cost 74000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 3000 16000 Factory cost 90000Office amp Administrative ExpensesManagers Salary 14000Rent Taxes amp Insurance 7000 Gas amp Water 2000 23000 Cost of producion 113000Selling amp Distribution ExpensesTravelers salaries amp commission 16000Carriage amp cartage outwards 3050Vat 15 on sale 31200 50250 Cost of sale 154500Net profit (balancing figure) 54000 Sales 208000

LimitationSince the study is an empirical one based on field-work through the interviews of sweets shop owners it has some obvious limitations These are as follows

Data collection through primary source or through interview was a time consuming matter The respondents sometimes were found non-cooperative with the interviewers

Page | 10

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

1 From the following particulars you are required to prepare a monthly cost of sheet of Vogoboti Pera Vandar showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 7000 Materials purchased 50000Rent Taxes and Insurance (factory) 9000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 12000Depreciaton on plant amp machinery 2000

Rent Taxes amp insurance (office) 7000Gas amp Water (office)Vat 15 on sale 1000Stock of materials as on 31st December Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale 400kg475 tk Note Raw materials consists ofMilk 20kg30 days per =600kg60 tk =36000Sugar 5kg30 days per =150kg50tk = 7500Flour 5kg30 days per =150kg 35tk =5250SAJ 25Piece10 tk = 250 Vagoboti Pera Vandar Statement of cost

Page | 5

Month ended 280214

Material consumedOpening stock 7000Purchase raw materials 50000 77000Less Closing stock 5000 62000 Labour wages 17000Direct expenses 13000 Prime cost 82000Factory ExpensesRent Taxes amp Insurance 9000Gasamp Water 3000Depreciaton on plant amp machinery 2000 14000 Factory cost 96000Office amp Administrative ExpensesManagers Salary 12000Rent Taxes amp Insurance 7000 Gas amp Water 1000 20000 Cost of producion 116000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 2000Vat 15 on sale 28500 38500

Cost of sale 154500Net profit (blancing figure) 35500 Sales 190000

Page | 6

2 From the following particulars you are required to prepare a monthly cost of sheet of Jolojogok showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 5000 Materials purchased 60000Rent Taxes and Insurance (factory) 10000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 15000Depreciaton on plant amp machinery 2000Direct expensesRent Taxes amp insurance (office) 8000Gas amp Water (office) 1000Vat 15 on sale Stock of materials as on 31st December 6000Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale toal 400 kg500tk Note Raw materials consists ofMilk 25kg30 days per =750kg60 tk =45000Sugar 75kg30 days per =225kg50tk = 7850Flour 667kg30 days per =200kg 35tk =800SAJ 25Piece10 tk = 250

Jolojog mistannoloyStatement of cost

Month ended 280214

Page | 7

Material consumedOpening stock 5000Purchase raw materials 60000 65000Less Closing stock 6000 59000 Labour wages 17000Direct expenses 13000 Prime cost 79000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 2000 15000 Factory cost 95000Office amp Administrative ExpensesManagers Salary 10000Rent Taxes amp Insurance 8000 Gas amp Water 1000 29000 Cost of producion 118000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 3000Vat 15 on sale 30000 41000

Cost of sale 159500Net profit (blancing figure) 60500 Sales 200000

Page | 8

3 From the following particulars you are required to prepare a monthly cost of sheet of MIDHAI showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 8000 Materials purchased 55000Rent Taxes and Insurance (factory) 10000Labour wages 15000Direct expenses 14000Gas amp Water 3000Managerrsquos salary 14000Depreciaton on plant amp machinery 3000Rent Taxes amp insurance (office) 7000Gas amp Water (office) 2000 Vat 15 on sale Stock of materials as on 31st December 8000 Travellars salarise amp comission 13000Carriage amp cartage outwards 3050Sale 400kg520 tk Note Raw materials consists ofMilk 22kg30 days per =660kg60 tk =39600Sugar 566kg30 days per =170kg50tk = 8500Flour 634kg30 days per =190kg 35tk =5250SAJ 25Piece10 tk = 250 55000 Tk

Midhai misstannoloy Statement of cost Month ended 280214

Page | 9

Material consumedOpening stock 8000Purchase raw materials 55000 63000Less Closing stock 8000 55000 Labour wages 15000Direct expenses 14000 Prime cost 74000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 3000 16000 Factory cost 90000Office amp Administrative ExpensesManagers Salary 14000Rent Taxes amp Insurance 7000 Gas amp Water 2000 23000 Cost of producion 113000Selling amp Distribution ExpensesTravelers salaries amp commission 16000Carriage amp cartage outwards 3050Vat 15 on sale 31200 50250 Cost of sale 154500Net profit (balancing figure) 54000 Sales 208000

LimitationSince the study is an empirical one based on field-work through the interviews of sweets shop owners it has some obvious limitations These are as follows

Data collection through primary source or through interview was a time consuming matter The respondents sometimes were found non-cooperative with the interviewers

Page | 10

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

Month ended 280214

Material consumedOpening stock 7000Purchase raw materials 50000 77000Less Closing stock 5000 62000 Labour wages 17000Direct expenses 13000 Prime cost 82000Factory ExpensesRent Taxes amp Insurance 9000Gasamp Water 3000Depreciaton on plant amp machinery 2000 14000 Factory cost 96000Office amp Administrative ExpensesManagers Salary 12000Rent Taxes amp Insurance 7000 Gas amp Water 1000 20000 Cost of producion 116000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 2000Vat 15 on sale 28500 38500

Cost of sale 154500Net profit (blancing figure) 35500 Sales 190000

Page | 6

2 From the following particulars you are required to prepare a monthly cost of sheet of Jolojogok showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 5000 Materials purchased 60000Rent Taxes and Insurance (factory) 10000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 15000Depreciaton on plant amp machinery 2000Direct expensesRent Taxes amp insurance (office) 8000Gas amp Water (office) 1000Vat 15 on sale Stock of materials as on 31st December 6000Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale toal 400 kg500tk Note Raw materials consists ofMilk 25kg30 days per =750kg60 tk =45000Sugar 75kg30 days per =225kg50tk = 7850Flour 667kg30 days per =200kg 35tk =800SAJ 25Piece10 tk = 250

Jolojog mistannoloyStatement of cost

Month ended 280214

Page | 7

Material consumedOpening stock 5000Purchase raw materials 60000 65000Less Closing stock 6000 59000 Labour wages 17000Direct expenses 13000 Prime cost 79000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 2000 15000 Factory cost 95000Office amp Administrative ExpensesManagers Salary 10000Rent Taxes amp Insurance 8000 Gas amp Water 1000 29000 Cost of producion 118000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 3000Vat 15 on sale 30000 41000

Cost of sale 159500Net profit (blancing figure) 60500 Sales 200000

Page | 8

3 From the following particulars you are required to prepare a monthly cost of sheet of MIDHAI showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 8000 Materials purchased 55000Rent Taxes and Insurance (factory) 10000Labour wages 15000Direct expenses 14000Gas amp Water 3000Managerrsquos salary 14000Depreciaton on plant amp machinery 3000Rent Taxes amp insurance (office) 7000Gas amp Water (office) 2000 Vat 15 on sale Stock of materials as on 31st December 8000 Travellars salarise amp comission 13000Carriage amp cartage outwards 3050Sale 400kg520 tk Note Raw materials consists ofMilk 22kg30 days per =660kg60 tk =39600Sugar 566kg30 days per =170kg50tk = 8500Flour 634kg30 days per =190kg 35tk =5250SAJ 25Piece10 tk = 250 55000 Tk

Midhai misstannoloy Statement of cost Month ended 280214

Page | 9

Material consumedOpening stock 8000Purchase raw materials 55000 63000Less Closing stock 8000 55000 Labour wages 15000Direct expenses 14000 Prime cost 74000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 3000 16000 Factory cost 90000Office amp Administrative ExpensesManagers Salary 14000Rent Taxes amp Insurance 7000 Gas amp Water 2000 23000 Cost of producion 113000Selling amp Distribution ExpensesTravelers salaries amp commission 16000Carriage amp cartage outwards 3050Vat 15 on sale 31200 50250 Cost of sale 154500Net profit (balancing figure) 54000 Sales 208000

LimitationSince the study is an empirical one based on field-work through the interviews of sweets shop owners it has some obvious limitations These are as follows

Data collection through primary source or through interview was a time consuming matter The respondents sometimes were found non-cooperative with the interviewers

Page | 10

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

2 From the following particulars you are required to prepare a monthly cost of sheet of Jolojogok showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 5000 Materials purchased 60000Rent Taxes and Insurance (factory) 10000Labour wages 17000Direct expenses 13000Gas amp Water 3000Managerrsquos salary 15000Depreciaton on plant amp machinery 2000Direct expensesRent Taxes amp insurance (office) 8000Gas amp Water (office) 1000Vat 15 on sale Stock of materials as on 31st December 6000Travellars salarise amp comission 8000Carriage amp cartage outwards 2000Sale toal 400 kg500tk Note Raw materials consists ofMilk 25kg30 days per =750kg60 tk =45000Sugar 75kg30 days per =225kg50tk = 7850Flour 667kg30 days per =200kg 35tk =800SAJ 25Piece10 tk = 250

Jolojog mistannoloyStatement of cost

Month ended 280214

Page | 7

Material consumedOpening stock 5000Purchase raw materials 60000 65000Less Closing stock 6000 59000 Labour wages 17000Direct expenses 13000 Prime cost 79000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 2000 15000 Factory cost 95000Office amp Administrative ExpensesManagers Salary 10000Rent Taxes amp Insurance 8000 Gas amp Water 1000 29000 Cost of producion 118000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 3000Vat 15 on sale 30000 41000

Cost of sale 159500Net profit (blancing figure) 60500 Sales 200000

Page | 8

3 From the following particulars you are required to prepare a monthly cost of sheet of MIDHAI showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 8000 Materials purchased 55000Rent Taxes and Insurance (factory) 10000Labour wages 15000Direct expenses 14000Gas amp Water 3000Managerrsquos salary 14000Depreciaton on plant amp machinery 3000Rent Taxes amp insurance (office) 7000Gas amp Water (office) 2000 Vat 15 on sale Stock of materials as on 31st December 8000 Travellars salarise amp comission 13000Carriage amp cartage outwards 3050Sale 400kg520 tk Note Raw materials consists ofMilk 22kg30 days per =660kg60 tk =39600Sugar 566kg30 days per =170kg50tk = 8500Flour 634kg30 days per =190kg 35tk =5250SAJ 25Piece10 tk = 250 55000 Tk

Midhai misstannoloy Statement of cost Month ended 280214

Page | 9

Material consumedOpening stock 8000Purchase raw materials 55000 63000Less Closing stock 8000 55000 Labour wages 15000Direct expenses 14000 Prime cost 74000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 3000 16000 Factory cost 90000Office amp Administrative ExpensesManagers Salary 14000Rent Taxes amp Insurance 7000 Gas amp Water 2000 23000 Cost of producion 113000Selling amp Distribution ExpensesTravelers salaries amp commission 16000Carriage amp cartage outwards 3050Vat 15 on sale 31200 50250 Cost of sale 154500Net profit (balancing figure) 54000 Sales 208000

LimitationSince the study is an empirical one based on field-work through the interviews of sweets shop owners it has some obvious limitations These are as follows

Data collection through primary source or through interview was a time consuming matter The respondents sometimes were found non-cooperative with the interviewers

Page | 10

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

Material consumedOpening stock 5000Purchase raw materials 60000 65000Less Closing stock 6000 59000 Labour wages 17000Direct expenses 13000 Prime cost 79000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 2000 15000 Factory cost 95000Office amp Administrative ExpensesManagers Salary 10000Rent Taxes amp Insurance 8000 Gas amp Water 1000 29000 Cost of producion 118000Selling amp Distribution ExpensesTravellars salarise amp comission 8000Carriage amp cartage outwards 3000Vat 15 on sale 30000 41000

Cost of sale 159500Net profit (blancing figure) 60500 Sales 200000

Page | 8

3 From the following particulars you are required to prepare a monthly cost of sheet of MIDHAI showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 8000 Materials purchased 55000Rent Taxes and Insurance (factory) 10000Labour wages 15000Direct expenses 14000Gas amp Water 3000Managerrsquos salary 14000Depreciaton on plant amp machinery 3000Rent Taxes amp insurance (office) 7000Gas amp Water (office) 2000 Vat 15 on sale Stock of materials as on 31st December 8000 Travellars salarise amp comission 13000Carriage amp cartage outwards 3050Sale 400kg520 tk Note Raw materials consists ofMilk 22kg30 days per =660kg60 tk =39600Sugar 566kg30 days per =170kg50tk = 8500Flour 634kg30 days per =190kg 35tk =5250SAJ 25Piece10 tk = 250 55000 Tk

Midhai misstannoloy Statement of cost Month ended 280214

Page | 9

Material consumedOpening stock 8000Purchase raw materials 55000 63000Less Closing stock 8000 55000 Labour wages 15000Direct expenses 14000 Prime cost 74000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 3000 16000 Factory cost 90000Office amp Administrative ExpensesManagers Salary 14000Rent Taxes amp Insurance 7000 Gas amp Water 2000 23000 Cost of producion 113000Selling amp Distribution ExpensesTravelers salaries amp commission 16000Carriage amp cartage outwards 3050Vat 15 on sale 31200 50250 Cost of sale 154500Net profit (balancing figure) 54000 Sales 208000

LimitationSince the study is an empirical one based on field-work through the interviews of sweets shop owners it has some obvious limitations These are as follows

Data collection through primary source or through interview was a time consuming matter The respondents sometimes were found non-cooperative with the interviewers

Page | 10

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

3 From the following particulars you are required to prepare a monthly cost of sheet of MIDHAI showing the cost of sales net profit and sales for the month

The shop produce different type of sweets here only consumed ne item which is SONDESH The accounts for the month endingOn 28th February 2014 show the following

Stock of materials on 1st January 2014 8000 Materials purchased 55000Rent Taxes and Insurance (factory) 10000Labour wages 15000Direct expenses 14000Gas amp Water 3000Managerrsquos salary 14000Depreciaton on plant amp machinery 3000Rent Taxes amp insurance (office) 7000Gas amp Water (office) 2000 Vat 15 on sale Stock of materials as on 31st December 8000 Travellars salarise amp comission 13000Carriage amp cartage outwards 3050Sale 400kg520 tk Note Raw materials consists ofMilk 22kg30 days per =660kg60 tk =39600Sugar 566kg30 days per =170kg50tk = 8500Flour 634kg30 days per =190kg 35tk =5250SAJ 25Piece10 tk = 250 55000 Tk

Midhai misstannoloy Statement of cost Month ended 280214

Page | 9

Material consumedOpening stock 8000Purchase raw materials 55000 63000Less Closing stock 8000 55000 Labour wages 15000Direct expenses 14000 Prime cost 74000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 3000 16000 Factory cost 90000Office amp Administrative ExpensesManagers Salary 14000Rent Taxes amp Insurance 7000 Gas amp Water 2000 23000 Cost of producion 113000Selling amp Distribution ExpensesTravelers salaries amp commission 16000Carriage amp cartage outwards 3050Vat 15 on sale 31200 50250 Cost of sale 154500Net profit (balancing figure) 54000 Sales 208000

LimitationSince the study is an empirical one based on field-work through the interviews of sweets shop owners it has some obvious limitations These are as follows

Data collection through primary source or through interview was a time consuming matter The respondents sometimes were found non-cooperative with the interviewers

Page | 10

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

Material consumedOpening stock 8000Purchase raw materials 55000 63000Less Closing stock 8000 55000 Labour wages 15000Direct expenses 14000 Prime cost 74000Factory ExpensesRent Taxes amp Insurance 10000Gasamp Water 3000Depreciaton on plant amp machinery 3000 16000 Factory cost 90000Office amp Administrative ExpensesManagers Salary 14000Rent Taxes amp Insurance 7000 Gas amp Water 2000 23000 Cost of producion 113000Selling amp Distribution ExpensesTravelers salaries amp commission 16000Carriage amp cartage outwards 3050Vat 15 on sale 31200 50250 Cost of sale 154500Net profit (balancing figure) 54000 Sales 208000

LimitationSince the study is an empirical one based on field-work through the interviews of sweets shop owners it has some obvious limitations These are as follows

Data collection through primary source or through interview was a time consuming matter The respondents sometimes were found non-cooperative with the interviewers

Page | 10

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

Present study covered sweets shop owners in Comilla only Large scale business had been kept outside the purview of the present study

Gathering information from sweets shop owners was sometimes very difficult as they think their information may be leaked because they are reluctant of paying TAX and extremely time-consuming They did not give enough time to the interviewers

The study was conducted among 3(three)sweets shop Comilla city only where all the confectioneries of Comilla city were not covered and as such this may not reflect the total picture of Comilla city relating to sweets company

In view of time and resource constraints conducting a comprehensive study in full depth and width has not been possible

Recommendation1 Highlight the food with large high quality photos with a catalogue Food is an asset of the sweet shop so need to get it front and center and tempt people with delicious looking

2 A sweet should be well decorated and well furnished

3 The environment of surroundings should be neat amp clean and healthy

4 Expiry date and manufacturing date of all food products or items must t be checked otherwise it will loose its goodwill

5 The ownerrsquos motto should be built with a Strong Brand Image

6 Loyalty behavior amp honesty must be marginal

7 Book keeping or recording have to be maintained

8 The price structure should be reasonable

9 Products quality should be maintained to increase customer and capture the market

10 Product differentiation is needed to compete with others

Conclusion

Sweets company act as a vital player for the poverty alleviation and rapid industrialization of the developing countries like our country Sweets are significant in underlying countryrsquos economic growth employment generation and accelerated industrialization Government of Bangladesh should be encouraged and highlighted the importance of confectionery

Page | 11

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12

As the sweets sector is a small business it can create more employment opportunities Along with poverty alleviation confectionery industry can reduce the urban migration and increased cash flow in rural areas As a result it will enhance the standard of living in rural areas

Page | 12