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Ex/PE/T/422/131/2012(S)
10+10
ENGINEERING ECONOMICS
4+8+8
8.
COSTING
7.
AND
d) Golden rules.
f) Mixed economy.
1.
Rs.
20
60,000
Rs.
Insurance Premium
7,500
Wages
Interest on Loan
1,600
Stock (opening)
Advertisement
6,000
Salesmans commission
Balance in hand
3,000
Paid Advertisement
Purchased Furniture
500
750
11
300
15
20
300
50
1,000
80,000
1,20,000
Cash at Bank
18,000
8,000
36,000
4,200
Purchases
2,10,000
Sales
2,68,000
Return Inward
4,250
Return Outward
3,000
Salaries
8,600
Carriage Inward
2,750
400
Carriage Outward
1,500
Sundry Debtors
40,000
500
Bad Debts
2,400
Bills Receivable
9,200
23
Paid to creditors
900
Loan on Mortage
60,000
31
Paid salary
500
Bills Payable
21,000
Sundry Creditors
28,000
[ Turn over
[2]
[3]
4.
Rs. 60,000
Direct wages
Rs. 40,000
Direct expenses
Rs. 8,000
Indirect wages
Rs. 10,000
Depreciation on Machinery
Rs. 12,000
4+6+6+4
Office overhead
Selling overhead
Units produced
15,000 units.
Units sold
3.
Raw Materials
20
20,000
5.
20
8,000
Minimum usage
3,00,000
Maximum usage
Factory wages
1,90,000
Normal usage
Ordering quantity
Delivery period
X 4 to 6 weeks, Y 2 to 4 weeks
Work-in-progress
Factory Rent
15,000
40,000
20,000
b) Maximum level,
c) Ordering level,
9,000
18,000
a) Minimum level,
20