Class 12||Cost Sheet & Tender Sheet Solution||Unit or Output Costing||Accounting||8 Marks||AG TV

Class 12||Cost Sheet & Tender Sheet Solution||Unit or Output Costing||Accounting||8 Marks||AG TV

Cost sheet & Tender sheet Solution:
https://youtu.be/ujn9xhhcVyg

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2073 Supp. Q.N.21. The production department of a company for the previous year showed the following details:
Direct materials Rs. 3,00,000 Direct wages Rs. 1,75,000
Works overhead Rs. 95,000 Office overhead Rs. 57,000
The company wants to quote a tender price. The cost department estimated the cost for submitting the tender are as follows:
Direct materials Rs. 4,00,000 Direct wages Rs. 3,00,000
Overheads are to be allocated as under:
Works overhead: On the basis of Prime cost Office overhead: On the basis of factory cost
Profit: 20% on cost price
Required: a) Cost Sheet b) Tender Sheet

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