379

Particulars Floating Candle

Opening Stock of Raw Materials
Wax/ Gel 400 gm 40
Colors 0
Perfume 30
Thread 0
Glass 0
Add: Purchases of Raw Material
Wax/ Gel 1500 150
Colors 20
Perfume 0
Thread 5
Glass 0
Less: Closing Stock Of Raw Material
Wax/ Gel 100
Colors 10
Perfume 20
Thread 4
Glass 0
Direct Materials Consumed 111
Direct Labor 20
Direct Expenses
Carriage I/w 7
PRIME COST(82 units) per unit price=1.68 138
Less: value of scrap(5 units) 8.4
Total prime cost 129.6
Add: Factory Overheads
Indirect Material (Sparkle) 30
Depreciation on Moulds ( 10% , 5 yrs) 200
Gas 5
Vessel 3
Indirect Material (Ice) 0
Indirect Labour 10
Works Cost 377.6
Add: Administrative Expenses 0
Cost of Production of Goods Sold Per unit price= 4.90 377.6
Add: Opening Stock of Finished Goods 0
Less: Closing Stock Of Finished Goods 9.8
Add: Selling and Distribution Expenses
Secondary Packaging Material
Plastic 6
CardBoard 7
Other packaging material 4
Cellotape 6
COST OF SALES per unit price= 5.075 390.8
Profit 171.7
Sales 562.5
 COST SHEET FOR GEL CANDLES
PARTICULARS NO OF UNITS PER UNIT COST TOTAL AMOUNT

Opening Stock of Raw Materials

Gel 0
Colors 10
Perfume 20
Thread 4
Glass 0

Add: Purchases of Raw Material

Gel 500 gms 100
Colors 0
Perfume 0
Thread 0
Glass 90

Less: Closing Stock Of Raw Material

Gel 250 gms 50
Colors 5
Perfume 15
Thread 3
Glass 15

Direct Materials Consumed 136

ADD: Direct Labor 10

ADD: Direct Expenses

Carriage I/w 7

PRIME COST 153

ADD: Factory Overheads

Indirect Material (Sparkle) 20
Gas 2.5
Vessel 1
Indirect Labour 10

WORKS COST 186.5

ADD: Administrative Expenses 0

 COST OF PRODUCTION OF GOODS SOLD 186.5

ADD: Selling and Distribution Expenses

Secondary Packaging Material
Plastic 5
Other packaging material 0

COST OF SALES 15 12.766 191.5

PROFIT 15 7.233 108.5

SALES 15 20 300
 COST SHEET FOR FLOATING CANDLES
PARTICULARS NO OF UNITS PER UNIT COST TOTAL AMOUNT

Opening Stock of Raw Materials

Wax 400 gms 40
Colors 0
Perfume 30
Thread 0

ADD: Purchases of Raw Material

Wax 1500 gms 150
Colors 20
Perfume 0
Thread 5

Less: Closing Stock Of Raw Material

Wax 1000 gms 100
Colors 10
Perfume 20
Thread 4

Direct Materials Consumed 111

ADD: Direct Labor 20

ADD: Direct Expenses

Carriage I/w 7

PRIME COST 82 1.68 138

Less: value of scrap(5 units) 5 1.68 8.4

PRIME COST 77 129.6

ADD: Factory Overheads

Indirect Material (Sparkle) 30
Depreciation on Moulds ( 10% , 5 yrs) 214
Gas 5
Vessel 3
Indirect Labour 10

WORKS COST 391.6

ADD: Administrative Expenses 0

COST OF PRODUCTION OF GOODS SOLD 391.6

ADD: Selling and Distribution Expenses

Secondary Packaging Material
Plastic 6
CardBoard 7
Other packaging material 8

COST OF SALES 77 5.36 412.6

PROFIT 77 2.95 227.4

SALES 77 8.31 640

 COST SHEET FOR ICE CANDLES
PARTICULARS NO OF UNITS PER UNIT COST TOTAL AMOUNT

Opening Stock of Raw Materials

Wax 1000 gms 100
Colors 10
Thread 3
Ice 0

ADD: Purchases of Raw Material

Wax 0
Colors 0
Thread 0
Ice 10

LESS: Closing Stock Of Raw Material

Wax 500 gms 50
Colors 5
Thread 2
Ice 0

Direct Materials Consumed 66

ADD: Direct Labor 10

ADD: Direct Expenses

Carriage I/w 6

PRIME COST 82

ADD: Factory Overheads

Depreciation on Moulds ( 10% , 5 yrs) 70
Gas 2.5
Vessel 1

WORKS COST 155.5

ADD: Administrative Expenses 0

COST OF PRODUCTION OF GOODS SOLD 155.5

ADD: Selling and Distribution Expenses

Secondary Packaging Material
Plastic 5
Other packaging material 2

COST OF SALES 7 23.21 162.5

PROFIT 12.5

SALES 7 25 175