You are required to prepare a cost statement showing the subdivision of total cost.
ABC Ltd., a manufacturing company, incurred the following expenses during a certain
period. You are required to prepare a cost statement showing the subdivision of total
cost.
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|
Ksh |
Materials Used on Jobs |
120,540 |
Add: Wages Traceable to jobs |
86650 |
Wages paid to personnel for maintance work |
12600 |
Works Salaries |
20400 |
Salaries of sales personnel |
15100 |
Hire of crane jobs no 132 |
1300 |
Consumable store |
380 |
Carriage Outwards |
2800 |
Carriage Inwards on raw materials |
860 |
Directors Fees |
10000 |
Factory rent and rates |
8300 |
Depreciation of plant |
3800 |
Depreciation of delivery van |
1600 |
Insurance on finished goods |
2500 |
Lubrication Oils |
250 |
Bad Debts |
300 |
Commision to sales personnel |
2850 |
Cost of Idle time in factory |
510 |
Auditors Fees |
3800 |
Dividends Paid |
6800 |
Lighting of show room |
1500 |
Office Salaries and Expenses |
7000 |