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4    QP Codę : 13857

2. (a) From the follpwing Information, Calculatc thc machinę hour ratę for thc machinę.

	?
Purchasc pricc of the machinę	4.50,000
Installation chargcs	50,000
Rent per quarter	30,000
General Hghting for the total arca (Per month)	2,000
Insurance premium for thc machinę (Per annum)	6,000
Forcmar.’s Salar>' (Per annum)	60,000
Estimatcd repairs for thc machinę (Per annum)	18,000

Power -2 units per hour @ ? 500 per 1,000 units

Estimatcd lifc of thc machir.c is 10 years and thc estimatcd value at

the end of thc lOth year is ? 1 Lakh.

The machinę is expectcd to run 20,000 hours in its lifc time. The machinę occupies l/4th of thc total areu. Ihc forcman dcvotcs l/6th of his time for thc machinę.

(b) From thc following Information, calculatc the earnings of a worker 7 under thc Halsey Premium Plan (50% of time savcd) and Ruwan Premium Plan scparately.

Time taken to complctc job    72 hours

Time allowed to complcte job 90 hours Per hour ratę of wages    r 25

Deamess Allowance ? 10 per day of 8 hours* work.

3. Following arc thc Purchascs and Salcs in the month of Dec. 2014. Prcparc 15 the Stores Lcdgcr on thc hasis of (i) FIFO and (ii) Wcighted Avcrage (Pcrpctual) method.

Datę (2014)	Purchascs (Units)	Ratę («r)	Salcs (Units)
Dcc. 2	1,200	4.00	-
4	-	-	600
5	600	3.80	-
10	-	-	400
18	400	4.20	-
23	-	-	800
29	800	4.40	-
_U_	-	-	_m_

Hl-Con. 2142-1*5.

{TU RN OVER