Post on 10-Jun-2022
COST ACCOUNTING
UNIT - V
PREPARED BY
Dr. M. VANISHREE
ASSISTANT PROFESSOR
DEPARTMENT OF COMMERCE (INTERNATIONAL BUSINESS)
GOVERNMENT ARTS COLLEGE (A), COIMBATORE
COST ACCOUNTING
UNIT 5
Job Costing & (ontaaed (osting Job tosing
hetollowing data ig availablo In aespecd of Job n0:76
Onect mateial Ps: 17 oo
wagey (bo hou af 50 Pe hou
Vaiaba ove haads inwed hon au johe Ps: 8o,o00 oY Booo
abo hou
ine oves hoody ae obseswed at Qo Pex how
Find the rafi Olosaom theJob T job is billeá
od 4o ,000
Job (ost skoet Ao3 Job No:876
Patiulass
Drec mateials
uages l6o x 5o))
&5ogo Pa ime Cost
ovelhaady
Viable Bo ooo xlbo
,6o 2000 3,200
Fimed bo x 2 34.6o
To tal Ces+ 40,00
Bilt Pao +1tB|f)
) Modon Pintes nderhrougt duing he jobs fooks 1S June aoT Ahe following do 4ails ae Qnailablo
Paxtitu las Job Ilo Jobl2
mateial Suplied 000
wages Paid
Diaect Ppente
matoial taansseued hom 9 12o to l0
Matoial xetuned As Stoves
Find the Cost o each job Psofit 0a loss any
as umng that Joo 1o A Comple tod and invotto to the
Cus tomer at s'. 3ogo
Job 1lo Alc
Paxti ulans Ps Pati ulo
mateial 4000 y Balante bld 5300
waaes
To Diuect enpen@s
To maeal tansfeed
fsom 12o 5.30
530P
Job 12o Alc
To matia 30 By matial Aaavrs fevedfo
To wages Job tlo
o0 B material 1aans feucd t o diz ec enpenos
TO Pni4 Fontdevd)
300
Alc hom the followin infoxma tibn pepane Toho accoun n he Job Cost Ladqen To N0 236s
DireCt matial Puchose Ps36ooo
Di8ec atorial seceuwed fooe stoaes 5.80 Diaec4 wao 4400
O fher duuect enpenws 1500
1he tuar k Ove heads ae to be taken ad 1h7 o a 75 Of
CACs and a d ministaction ove heads at a5%. o wosk s o he Co Contmc+ Prio o f Job No 36 which is
Completed is incd as 8, 5 0o
Pouti lay Ps P
D'inect mata ioau
Direct atoia emw ed 360
25,200
Direct waes ,50 Othe Drect pens
44.70o
Poie Cost
Ov e hca a
woTk Ovexhead l o 0o 7C/00 0,39
L5,60o ok Cast
3,&75 Ad mini stoat on ovehaads 55.5oo A1
3755
otal Cost 28,50o
Contoac4 Paie
13,15
JoCdan a kouna eng inacing shows pllosin eta eqwding n oods oo window gsik
mataia wwed Ds 2a wages bnkd 40 hous a 50 Pes houm vaAIable
bokod
vexhead ane not Labon hou xats 0 Rs Pe hown
ned nd ovea hcads ua Oppoution a :1boo for the ob
the tom is Chaged 30.000 0tha Ovdn Find
oud e oit and it Pexcentage on cost
Pautiulay
matial ed
way 9,000
A1able Ovekead 40 xlo
ed ov@ h0ad 4,00 0
30,00
Tob bill
6from the data ven below obtainad fsom fhe bodk
of mas. Ahi tha & Co o The ye end 31.19.90l0 Pe pan
Corsoli aa ad Compla ted dobs Actounts showing tho pntit
A
pis Con Solida ted wark in poogCG.
Complatd jobs wod In poses
Pa ae uppled from store 3
adilnsu
ChaigiabC Eencs odd
4000
mateial xvsfer 4o wou in p0ogsers matoiaetun ta Stoea
Factoo ovehoad g0 ot wages and ot4ito
OV eheads 570 Fat tory Cost The Vatuo of enciód Johs
duutng Dolo wa 41000.
Comple fed Jobs Alc oo fhe yean oto
Pautiuulas DsP Pautiula
To Raw mateaiau 4 0
Dy w tomo Ale
Suppli od t3om Sbbe) po0
ansfey to uos -in-
8,800
00 9,700 Retun from tored
0,00
Towa T (hageohu enpentes
8.000 To Hactory duehead
37,100
To ad minis aotive 6125
Oue end 27,Y00x 25/
0Podi ars +e\ 6315 PLL Alc 41,000
41 00
(onuolidn tad wst in pmopen AlC 1h0 yo O
Padiul Padi nloas
)3,SE
lo Raw matoialtried Balanta (l
po oes 3000
4) taofer toom Conplb tod 00
Job
oway 4000
o Chageaba Pnpen@s 40
o Aaros ovexhoads 3,20
l0, 9o0
1 dministoadive 700 ovehoad
13,500 3,500
Contact (ost ing
o geema l Co unden poe a Contsact psiceos lon stuuction
ota P vatePlato, Cons tuct Paiw was 40,00, 000. Tho
ollawing wee the doails.
6,0,000
ma leaial send to Contract sit
Labon Skilled : 6,00,o0o
un gkilled'4, D0, 00
Sub cord sact oplumbinq and elactsici 4,00,090,
Sndiy epen 00,o00 closi n Stoc malerial at
siqht Do.000 Paepae Contra ct Alc and dotes minetho
Pak Pt i or los
Pauki las Paudiuula
To atial 6,00.000 y closinq Stock ot kia lo,a
0 abou skilled b00,000 40,0 0 y tonda ctus Ale
unckilled 4,c0,00
To Sub Conteact Boa plamping Cund elaetuicity 4,00 p00
o Sundy npences
To Pel ale celf) o ,00,00a
4D,00,00 40,00 00
The follouwing were The enpentes d4 Balad cnd Companty 1
i'nses pect of lontaact which lommenses on 1.1.20l0
150.000 mateAial puchased
mataia on hand
15000 DieC+ wage
26000 Plant issued
DiaeCt epentus
The Con taact Prite was 7,5D,000 and he Same w
Cantacd was Compu tad Agut 2010
Cely etcwed when Tho Contrac4 was omplu tad Augut 201
h e in divect ®npenccs tb 7. 0+ wages Pvide 508
Aa Depseciation on pant and Pe paue the Contaa( Alc
and Con aac o Alc
onac Alc
Poudiua s Pauiulau
To mat A 10Puchas ed 15o oos By mattial on hand 2600
Diuecd nges 7h0 ey Contactass Alc T,5000
oOiaeCt enpene) 40,000
o ndirec1 enpencs ,250 nEPeCiaio d pan To hOOD X 15(100
Pof14 DIf) ,7,5So
5
1,5,500
Contaac tee Alc
75000 To Tontoaet Alc
Bank Plc
7, G0,0b6 50,000
w w up ontoaci No: 303 in the Contract ledaen o
Soo aran k tonpary Tm The ollowing de taiu
ONEC maleriau 200
lo,i00
Specia lant 980
STOes18sued
t,5o0
DOSE Sroo 3 420
Tvac e npentts 40,000
Lnhac Pe
ontoac a Compl ted in o weres. hu
Speio plan wou e tun Subjct 40 de paecia-ich 0
&0 n orgina Cost The vauut ot loose sdo Ls
nd SAores ncá wec 000 and 400 Espel1IVe
Cba value o he ace used tod Contoact uas
P: 10600 and de PEE cta1ion on Chauge t this Con 1aact /s
atR. Pe annum n the boo Vaue. Povide 77
administhative en penies on woak Cost
Saavanan & company éon nact ladgen
Paxi ula's Pautiular
To duat hatoniab 6,200 By Special Plant 6400
to,9o0 x l080oo
pecial Plant S,800 PB4 toose tools e un 1000
To Stoes
,50 By Stores e wn 4o
34 20 Cn tiaelae Ale o 0ac tt enpences
o Depeciation tacton
1 dminis daa n 555
To P2 Alc (B14)
47,800 47,80
.The lleun enpents we intued an unfinished
Contatt dutng he aCCounting a Dolo
matial
ote enpehes
00 00o uas e Cowed Bom Contaa ct bcing Bo.
wosP C ed wot done but not (ei4ed was P:bo
e Teiminu tho Po ject be Caeditod do Plt Alc o hau
he alle hative
CondaC1 Pvio 3,00,00
ConAvactPio 5,50,000 3. Conaac ai , 0, Sd
ConHacc4 Alc
Paudiula Pau Aituloa Ps
matenia 10 03 By woak in pooeXS 9.50 00
h,oo uok arlantiied To otheA enpen0
&o,00 o Nofiena Poi 2,55,000
2,5500
Poo1 o be (wditod
when ContaCt Pai 1S 3,00,00
50,9-83.3. mot thanbs wotk fied
3,0, 0o
n reC wed
The pofi Ltdied: Notional Pofit 73 x
The
42o67 8o,0 42 b657
PiKept tn 3Ewt
27,33
w en (on aCt Pi Ps 5,5099
iied 250,00o
5,,00X100
Cah FCued
(adc Podo e udittd Nofiunal Pp Y
8opm 3, * T10 0
1,233
Paoikept inde 80,00) - 1,339
6e bb7
3)he h Contiact Pai::19o0o
. 83 z
uwOYCertified 1,00,0oo
odi should dansfe.
Show fhe 13eafmant of Plant in Contxac t Alk 13om
bollowlng 9oto es: 900DO
a)Plan iss uod to (ontaaCt of (Jan, 2ot
b) Plant Costing P( p0 way
hansfe to anothe Contvac
b) on 30h Tune
&010
lon in vansit and
c)A Pant c) Pant Costing : od0 wa len in tansit andd
Qne TheA Costing i B. Booo by dustvou fixe befove
installad ion Thell uas ive lome Vulgaay tuan e
n f ul Vatue
Plant (as ting ps R00d Old was : 3og0
The Pland he end o 0ecom bei àt Cha ging e) he
e pu eciCHIOn on lo7 Pe\annum
elow h htmer 1aved in tha manu tacuue
o ePuoduc
P fodiulo 10 lan
.000 Pu Plan1 3anseved
af Cot
-)De paFCiaion
By pli Plant he Plant detooy by fire 5 p0o
B Plant Sold
By Plant sito
,Da, o00 -l boao t500o4 To
0,p0 t 2000)
BH Depeiation 167 17700150,c
Sendh Con tauttion (om pany nda tok a tontact fos Conatuc 1ing butding s Jan olo Contxact Pai ua 1,0
h in cuwed tupllow ing
matrial issed
matenia in hand
S9o
90 DInect enpenes 0,00
Plan Puchayed
The Cotaact way Completed ad Jne 30 lo The
Con toac Porowas due y veawed de paeciotion 9o P.a
s. PaEpa an pian and chaug enpentes oo7. oudaqes. Paepase
Coveoac+ ale in tte bos 6 to Com pany
adicu laxs Panuo
o mato ia i8sued P matoria in hand
Lwaes Contac toei )l
10 De C1 PnPences
1 De Peiadion on plan
T Noliónal Proif ,o1,9
1,0)00
Sak thi ons 1gucfioh (ompany ndu Aaok o ontgact
(onstauctin a6ly oveA ho a tt4al Vaue o 400,0o
1 wa Cdmated hat the Conira t would be orn pu fed D Cornpa ted by
31.T.ol0 .uu a Pepcne (6ndoa( 4 al Fo tho
lqunLd fo
Jea ending 312.8oo 9
usa ,60,OOD
matosa
matpiaat Siqht on 31 12.200 AD,0oo
1ngA 3pe Cial eant 2,00,00D
OUe hoads 20,0o
Wor nxi fied 16,00
Depr ecotipn af (D P.a plant, Cayh reawed is 9o7 of tk
C Cydfied 97. D A Valuo f mateta uued ostho Pa iov of
Cen tiCed ovehcads ale Chaord as +
yerhu h61 Kept
aitlan Pah ulau
ma levia 3.000 Py maeial aS4ht q8,00)
6,0D0 lan ,o0,O
oUCAheads 28,000l Depatt \a tipn 1,80,00 (-120,odO
1 rcial plant tuad Co\tified 60g oo
74.40, /6,74 40 6T4 4Od 0Oauncakiied
844o 18A4,40o
6T4400 P Notional poofit
f Plc 35680
400
214,720
6749o 74 oO
Ca lu (adion of unetified wodk
mallna gsued 3.0o,00 ox : 24,o 0s
wahes 6,00, 00 0 42,o0go
200 0o
oUeheads .400
42,000 20 (o0
74 40
n n tomlo1P Con Haact
M a%Un and vanun undotop a (om toc 07 2hoon0
o (onsauctinq a Colloge building Aho ollouwing i ntoumatior
Con tenin9 duu n tho a 9007.
Padjulas
Mateial Sen to (iqht 95,34
Labo e ngaged on Sight T37S
Plant inuhled ad S4ht at Cast 15po
Disect Pnperduw 3167
EHa blishmond ehages 4126
mateial en to gtores 540
wok Cohtified soobo
yauue 0f Plant as on 31.t2.o7
4,So0
Cost ofwoTP not yet CeAti ied 892
matoial atsiqht 31.17.07
2400
312 0T w agee py oved
birect enpendi
u OCtued 31.12.d7 240
180
240
Cak etewedsan antaacte 18o
and Show
Pepa ontaac+ alc, conteacto ale
ho Tue Lud 1n prgnes will appean h balan u sho t bala n 3hont
31 12 b
Paditulo0-3
Imalal
o laou Ta,315
(4 oul SManding 2.4o 767m5 wo in Poogers 50o
to Da fef PpeneA 316T
2 qo 3407 D plan t a SigT 922
planl at cot ,00o y Mateial at Sght
es tablish mont Chage a12
onotional paof 29,975
3,1a,93 P232
PR nle nofional prott 20275
17, 98 75 Y ?/
1,9000
O875
Go Kosewe R275
29 975
Con hac tas Ale
To balane bld B Bank
C3o000 80,000
2alan shae emtaac tad
1Gooo
4000
len De precia hion
matonial atsight 1993
644 243 Maloial instore
B wao 0u1Standi ng 24O0
empencs 24D
Coilics 1900 A 600
un (o- ed
10,07 ()Keseve
129,625
(1o009265 ()Cah xe selve
Dlo h11he liminab& npendi tueinthe manudactunon at 1
Fooeduct
om 1he iomation en bebw PXPpae Conac4 AlC
matoiial boughi on mauke T5ob
SS Uey fo sAonea
mateial etun to sores 40
uns
Direct Onpens 5 DIsect waHA
uoge Cos t
stdio Cost lo &t Patme Cast, Cn foalt paie i S 6,o0d
Palt(au RA Pan ula R
To maia GyCon ta cts Alc 6009
oued eom Staye 00d
Los Re un to gtore 2q0
I7b0
TDIec enpen (oj
Prime Cos + 44 4
0 5l04
44
5553
Prdi Taryfeu 447
6,00D
ndormatton Paepane