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.
|
|
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 |
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