Question no 1)
ABC ltd produce 100000 units of product X during 15-16 per unit Direct cost are as following
Raw materials -10 Production Over head is Rs-200000 out of which 40% Fixed .the Company sold
Direct Wages- 5 80000 units & 20000 units are Stock as on 31-03-2016. Normal capacity 50000 units
Direct Expenses-2 a) Find the cost of inventory based on actual & normal Capacity which cost would
Total 17 you take for recording in Balance sheet as per AS-2
Question no 2)
Fixed asssets of XYZ ltd purchase as on 01-04-1995 Rs-750000
revaluation -20% on 01-04-1997
Expected life 15 Years
the Co charged Straight kline Depreciation the Fixed assets was sold 31-03-1998 Rs-560000
Depreciation accounts in the Books of XYZ LTD.