Accounting assignment

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accounting.docx

Q.1.  The following information is collected from the records of a Firm:      

                                                                           First year              Second Year

Sales                                                                SR 135,000                 SR 180,000

Profit                                                               SR 25,500                 SR 34,500

Calculate: (a) P.V. Ratio, (b) Fixed Cost, and (c)   Break - even point.

Q.2. From the following particulars, find out the selling price per unit if BEP is to be brought up to

12, 000 units.

Variable Cost per unit = SR 80

Fixed Expenses = SR 320,000

Selling Price per Unit = SR 120

Q.3. 

Calculate profit and sales with the help of the following information:  

Selling expenses

SR 5,000

Telephone charges

SR   9,000

Opening Stock of Raw Material

SR 7,400

Freight Charges

SR   4,000

Closing Stock of Finished goods

SR 6,000

Opening Finished Goods

SR 9,500

Depreciation of  Factory Plant

SR    8,000

Opening Stock of Work in Process

SR 10,000

Factory Insurance

SR    6,500

Closing Stock of Work in Process

SR 8,600

Closing  Stock of Material

SR 5,000

Office Expenses

SR  4,500

Direct labor

SR  2,000

Office Insurance

SR 4,000

Direct Material

SR  20,000

Profit

25% of  Sales

Q.4. Calculate Prime Cost, Factory Cost, Cost of Production, Cost of sales and Profit from the following details:

Direct Material

SR 8,000

Direct Labor

SR   4,000

Freight charges

SR    3,000

Factory Expenses

SR    2,500

Administrative Expenses

SR    1,500

Selling Expenses

SR     2,500

Sales

SR  25,000