Tiêu đề COSTING TEST-5 50% SYLLABUS ANSWER.pdf ✅

1.(b) Computation of costs relating to machine: Particulars Amount Basis Machine A Machine B Machine C Depreciation 20,000 Given 7,500 7,500 5,000 Spare Parts 13,225 Note 1 4,600 5,750 2,875 Power 40,000 Ratio of KW Rating 15,000 10,000 15,000 Consumables 9,000 Given 3,600 2,700 2,700 Insurance 8,000 Depreciation 3,000 3,000 2,000 Indirect Labour 24,000 DLH 6,000 9,000 9,000 Building maintenance 20,000 Floor Space 8,000 8,000 4,000 Interest Ignored Given Ignored Ignored Ignored Rent and rates 1,20,000 Floor Space 48,000 48,000 24,000 Foreman salary 2,40,000 Equal 80,000 80,000 80,000 Attendant salary 60,000 Equal 20,000 20,000 20,000 Total 1,95,700 1,93,950 1,64,575 Note: • It is assumed that 20 percent increase in wages is applicable only to indirect labour and not applicable to salaries • Interest on capital outlay is a financial matter and, therefore it has been excluded from the cost accounts. Computation of spare parts expenditure: Particulars Machine A Machine B Machine C Initial estimate 4,000 4,000 2,000 Add: 25% increase in quantity - 1,000 500 Revised estimate 4,000 5,000 2,500 Add: 15% increase in price 600 750 375 Final estimate 4,600 5,750 2,875 Computation of machine hours: Particulars Calculation Amount Working hours per week (5 x 8) + (1 x 4) 44 No of weeks 52 weeks and 1 day Possible working hours per year(44 x 52) + (1 x 8) 2,296 Less: Holidays (12 x 8) + (2 x 4) (104) Revised working hours 2,192