4948353839

5

QP Codc : 13857

Out of purchases on Dcc. Sth, 100 units werc retumed to thc supplier on Dcc. 8th.

Notę Calculatc Wcighted Average Kate up to two dccimal point*.

OR

3.    (a) Mr. Jcct, an cmploycc of thc company gets the following cmoiurr.ents 8

and ber.cfits:

Basic wages	r 35.00C per month ^1
Deamcss allowance	100% of basie
Empioycris contribution to providesit fund	10% of basie
Emp!oycr’s contribution to E. S. I.	4% of basie -
Bonus	15% of basie
Othcr allowance*	r 42,500 p a.

Hc worka for 3,000 hcurs pc: annum, out of which 600 hours arc normal idlc tiir.e. Mr. Jcct workcd 30 cffcctive hourt on a job- ‘B’ whcrc the cost of dircct materiał is T 50,000 and ovcrhcads sre 60% of coenbined cost of materia! and labour. 'Jbc sale valuc of job is quoted to eam profit 25% on cost.

You are required to fund out Effcctivc hourly cost of Mr. Jcct and thc Bxpectcd sales value of job- ‘B’

(b) A Company is kaving three production dcpaiar.cnts namcly, A, B and 7 C and two scrriec departments Slacd S2. The expcnses incunrcd during thc month of March 2015 arc as follows:-

Expcnses	Amount (?)
Supervision	30.000
Firc Insurance	10,000
Power	18,000
Light	6,000
Rent	10,000
Rcpairs and Mai.nter.ancc	17,000
Depreciation on Plam	8,500

[ TUR.N OVER