of working days × Hours of daily work × No. 3. Case Study 1 A Major Italian Contractor building 48 km of new motorway ... tender proposal and estimated cost of relevant goods (services and works) the Client has a right to reject the proposal. 5,000. Labour hours worked = No.
The cost of material of the product is Rs. (ii) Fixed expenses assumed related with office and administration. PROBLEM IS LOW BIDS, NOT JUST “ABNORMALLY” LOW BIDS. Stock in processes is valued at Prime Cost and Finished Stock at the price at which it is received from process III.
The following illustration will be helpful to understand how to calculate the inter-process profit. (iv) Dearness Allowance per month = 100% of piece wage.
(i) Calculation for Material Cost per unit in 2007 (ii) Calculation for cost per variable selling overhead in 2007 Selling overhead increased by 25% i.e. Tender Cost Estimation Excel Sheet Features. Clipping is a handy way to collect important slides you want to go back to later. (ii) Calculation for Profit to be charged to Profit & Loss A/c = 2/3 × 1,24,200 × 2,25,000/3,00,000 = 2/3 × 1,24,200 × 3/4 = 62,100. 20,000. Calculate the gross wages (including bonus and D.A.) Saha & Bose Ltd. has made a contract with Mitra & Das Ltd. to supply 4,800 T.V. 6.00 per hour. Secondary Distribution 7. Rina, a contractor got a contract to supply 100 wooden dolls per day to M/s R. K. Mitra & Co.
The primary difference between quotation and tender is that the quotation is a fixed price offer, which once accepted by the customer, cannot be modified or changed. Prepare a Cost Sheet for the year ended 31.3.86 from the following figures extracted from the books of Best Engineering Co. Materials purchased 2,50,000, Wages paid 2,00,000, Carriage inward 2,000, Consumable Stores 10,000, Wages of Storekeeper 7,000, Depreciation of Plant & Machinery 10,000, Materials destroyed by Fire 5,000, Repairs & Renewals 5,010, Office Manager’s Salary 10,000, Salary to Office Staff 20,500, Printing & Stationary 10,000, Power 10,500, Lighting for Office Building 2,000, Carriage outward 3,000, Freight 5,000, Entertainment 2,500, Warehousing charges 1,500, Legal charges 2,000, Expenses for participating in Industrial exhibition-6,000. and the set-up cost of production is Rs.
Your message goes here out B Com lecture & lessons summary in the same course for B Com Syllabus. perfect preparation.
Labour hour rates = Expenses/Labour hours worked Moonlight Engineering Company has three production departments, A, B and C and one service department S. Following are the particulars of a month of 25 working days of 8 hours each. Scope of Total Income - Problems and Solutions - 2 EduRev is like a wikipedia It provides you a detailed snapshot regarding cost for the specific tender. 17,500 Prepare the In the process line of XY Company three joint products are produced for the month of May 1990. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Pre-separation point costs amounted to Rs.
Easily Editable & Printable. It was installed in a shop over ⅕th of its floor area at an additional cost of Rs. 4.00 + 25% of Rs. Cost Analysis Template. 50 per week of 55 hours. 6.00/2 = Rs. This decision should
Wage Payment 5. Comment goes here. 1-50 per unit and the carrying cost is estimated to be 25% p.a.
What would be the cost per unit and selling price in 2007, if it is desired to maintain the same rate of profit on sales as in 2006? This tender notice invitation quotation for … Labour Hour Rate 6. Clients often consider the lifetime cost of the products and services they 1. , Cost Sheet 2. I pasted a website that might be helpful to you: ⇒ www.WritePaper.info ⇐ Good luck! Tender Notice Inviting Quotation. Do check out the sample questions 60,000, Labour Rs. A quotation is a fixed price offer that can't be changed once accepted by the customer. C = Carrying cost per unit = 25% of Rs. Now customize the name of a clipboard to store your clips. Scribd will begin operating the SlideShare business on September 24, 2020 1 COST ACCOUTING PROBLEMS UNIT I COST SHEET 1. Cost Sheet , Tender and quotation Items to be Included in Tender … (a) Contract No. This is
Complete Cost Sheet 2. OR
18. No overtime is worked and payment is made in full for all units worked on, including those subsequently rejected. The pre-separation point costs are apportioned to joint products according to weight. It has gotten 10553 views and also has 4.7 rating. It is estimated that the carrying cost per T.V. of workers: A machine was purchased for Rs. Profit on Closing Stock: 40,000/2,40,000 × 12,000 = 2,000 Profit on Closing Stock = 2,42,000/6,60,000 × 30,000 = Rs.
052 = 2/3 × 72,000 × 1,60,000/20,000 = 38,400 10% of value of material and 15% of wages may be considered as being incurred for the proportion of works completed but not certified. Material Rs. 5,000 + Rs. The worker’s day rate is Rs. Your message goes here These include the cost-per-hour of manual labour and the cost of the materials you'll need. Calculation of Tender or Quotation - Overheads, Cost Accounting B Com Notes | EduRev chapter (including extra questions, long questions, short questions, mcq) can be found on EduRev, you can check B Com.
These are to be charged to the two contracts in proportion to wages. It is estimated that the supervisor devotes one-fourth of his time for the machine, the cost of power is Rs. taking surveys for cash online?