Question:
A consignment was received from a foreign supplier, containing four types of material. The invoice reveals the following:
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Rs
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Material A 2,000 kgs. @ Rs.2.00 per kg.
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4,000.00
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Material B 1,000 kgs. @ Rs.3.00 per kg.
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3,000.00
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Material C 1,500 kgs. @ Rs.4.00 per kg.
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6,000.00
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Material D 500 kgs. @ Rs.4.50 per kg.
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2,250.00
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Insurance
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152.50
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Freight paid by supplier
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1,000.00
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Expenses incurred by importer
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1,600.00
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Duty paid by the importer
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610.00
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Loss due to breakage was recorded as follows:
Matl. A - 20 kgs.; Matl. B - 20 kgs.; Matl. C - 45 kgs.; and Matl. D - 10 kgs.
Provision of 10% is made for evaporation and minor losses due to seasonal variations. Calculate the rate at which these should be issued.