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Prepare Cost Sheet

Calculate –
Value of raw materials consumed;
Total cost of production
Cost of goods sold and
The amount of profit from the following particulars

Question 1: Value of Direct Material consume is ..
( ) “60,000”
( ) “51,000”
( ) “70,000”
( ) “55,000”

Question 2: Value of prime cost is
( ) “65,000”
( ) “80,000”
( ) “60,000”
( ) “73,000”

Question 3: Total Factory Overheads expences are ..
( ) “6,700”
( ) “5,000”
( ) “5,700”
( ) “6,000”

Question 4: Total Factory cost or Work Cost is ..
( ) “65,000”
( ) “80,000”
( ) “79,700”
( ) “78,700”

Question 5: Total Office overheads expences are ..
( ) “5,000”
( ) “9,200”
( ) “8,200”
( ) “7,000”

Question 6: Total value of cost of production is
( ) “80,000”
( ) “70,000”
( ) “79,700”
( ) “87,900”

Question 7: Amount of cost of goods sold is .
( ) “88,900”
( ) “80,000”
( ) “86,900”
( ) “79,700”

Question 8: Total Selling & Distribution overheads are
( ) “5,000”
( ) “3,000”
( ) “4,000”
( ) “6,000”

Question 9: Cost of sales is ..
( ) “79,700”
( ) “89,900”
( ) “86,900”
( ) “87,900”

Question 10: “as per the cost sheet, amount of profit is ”
( ) “9,500”
( ) “11,500”
( ) “10,100”
( ) “12,000”

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