A proforma cost sheet of a company provides the following particulars Elements of cost Material – 40% Direct labour – 20% Overheads – 20% The following further particulars are available a) It is proposed to maintain a level of activity of 2, 00,000 units b) Selling price is Rs 12 per unit c) Raw materials are expected to remain in stores for an average period of one month d) Material will be in process, on average half a months and is assumed to be consisting of 100% raw material, wages and overheads e) Finished goods are required to be in stock for an average period of one month f) Credit allowed to debtors is two months g) Credit allowed by suppliers is one month You may follow that sales and production follow a consistent pattern, You are required to prepare a statement of working capital requirements a forecast profit and loss account and balance sheet of company assuming that Share capital -Rs 15, 00,000 8% debentures -Rs 2, 00,000 Fixed Assets -Rs 13, 00, 000

/in /by

A proforma cost sheet of a company provides the following
particulars

Elements of cost

Material – 40%

Direct labour – 20%

Overheads – 20%

The following further particulars are available

a) It is proposed to maintain a level of activity of 2, 00,000 units

b) Selling price is Rs 12 per unit

c) Raw materials are expected to remain in stores for an average
period of

one month

d) Material will be in process, on average half a months and is
assumed to

be consisting of 100% raw material, wages and overheads

e) Finished goods are required to be in stock for an average period of
one

month

f) Credit allowed to debtors is two months

g) Credit allowed by suppliers is one month

You may follow that sales and production follow a consistent pattern,

You are required to prepare a statement of working capital
requirements a

forecast profit and loss account and balance sheet of company assuming
that

Share capital -Rs 15, 00,000

8% debentures -Rs 2, 00,000

Fixed Assets -Rs 13, 00, 000

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