3582493174

4    QP Codę : 13857

2.    (a) From the following information, Calculate the machinę hour ratę for

the machinę.

	¥
Purchase price of the machinę	4,50,000
Installation charges	50,000
Rent per ąuarter	30,000
General lighting for the total area (Per month)	2,000
Insurance premium for the machinę (Per annum)	6,000
Foreman’s Salary (Per annum)	60,000
Estimated repairs for the machinę (Per annum)	18,000

Power -2 units per hour @ f 500 per 1,000 imits

Estimated life of the machinę is 10 years and the estimated value at

the end of the lOth year is ? 1 Lakh.

The machinę is expected to run 20,000 hours in its life time. The machinę occupies l/4th of the total area. The forcman devotes l/6th of his time for the machinę.

(b) From the following information, calculate the eamings of a worker 7 under the Halsey Premium Plan (50% of time saved) and Rowan Premium Plan separately.

Time taken to complete job    72 hours

Time allowed to complete job    90 hours

Per hour ratę of wages    ¥ 25

Deamess Allowance ^ 10 per day of 8 hours’ work.

3. Following are the Purchases and Sales in the month.of Dec. 2014. Prepare 15 the Stores Ledger on the basis of (i) FIFO and (ii) Weighted Average (Perpetual) method.

Datę (2014)	Purchases (Units)	Ratę Of)	Sales (Units)
Dec. 1	1,200	4.00	-
4	-	-	600
5	600	3.80	-
10	-	-	400
18	400	4.20	-
23	-	-	800
29	800	4.40	-
31	-	-	600

Hl-Con. 2142-1 fi.

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