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    This document is a cost sheet and analysis of ratios for Vadilal Industries Limited for the years 2009-10 and 2008-09. It includes direct material costs, labor costs, prime costs, factory overheads, and administrative costs. It also calculates key ratios like raw material conversion period, WIP conversion period, and finished goods conversion period. Ratios are calculated using inventory levels, cost of production, and cost of goods sold figures from the cost sheet.

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    This document is a cost sheet and analysis of ratios for Vadilal Industries Limited for the years 2009-10 and 2008-09. It includes direct material costs, labor costs, prime costs, factory overheads, and administrative costs. It also calculates key ratios like raw material conversion period, WIP conversion period, and finished goods conversion period. Ratios are calculated using inventory levels, cost of production, and cost of goods sold figures from the cost sheet.

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    106 views3 pages

    Tata Power

    Uploaded by

    vdjadeja
    This document is a cost sheet and analysis of ratios for Vadilal Industries Limited for the years 2009-10 and 2008-09. It includes direct material costs, labor costs, prime costs, factory overheads, and administrative costs. It also calculates key ratios like raw material conversion period, WIP conversion period, and finished goods conversion period. Ratios are calculated using inventory levels, cost of production, and cost of goods sold figures from the cost sheet.

    Copyright:

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    of 3

    A

    Cost Controlling System Report of


    Tata Power Ltd

    Prepared by
    (Vishwadeep Jadeja10MBA029)
    (Kartik Anjana 10MBA023)
    (Vinay Sengar 10MBA072)
    (Nitin Jadav 10MBA028)
    MBA 2010-12, Semester – II

    Submitted to
    (Ms. Pinky Talati)

    INDUKAKA IPCOWALA INSTITUTE OF MANAGEMENT


    (I2IM)
    CHAROTAR UNIVERSITY OF SCIENCE AND TECHNOLOGY
    (CHARUSAT)

    1
    Cost Sheet of Vadilal Industries Limited

    Particular 2009-10 2008-09


    (A) Direct materials cost
    Raw Material Consumed 46527.39 46015.93
    B) Labor Cost
    Salaries ,Wages and Bonus 202.54 181.46
    Labor Welfare and Other Amenities 41.49 44.14
    Contribution to funds 21.68 19.97
    Gratuity Fund 13.18 19.84
    Other employee cost 26.60 26.60
    (C) Prime Cost 46832.88 46307.94
    Electric Power, Fuel and water 4297.25 5301.15
    Stores, Chemical and Packing Material 189.65 166.85
    Insurance 16.08 13.33
    Rent 47.14 29.44
    Other Repairs 4.32 3.36
    Machinery Repairs 170.85 128.78
    Building Repairs 32.08 23.95
    (D) Office Cost 385.76 365.62
    finished Goods
    opening stock 2360.35 1527.28
    closing stock 3580.21 2360.35
    (E) Cost of Production 29041.9 20966.76
    Sample, Sales Promotion and Advertisement
    0.0 0.0
    Expenses
    Brokerage, Discount and Commission 50.69 46.43
    Warehousing and Distribution Expenses 1253.9 1067.36
    Sales Tax / VAT/ Service Tax 16.89 29.74
    (F) Selling and Distribution 11740.45 10753.49
     
     
    Total Cost 31560.98 23219.04
    Profit before tax 22298.42 19867.12
    Sales 32440.18 23421.55

    2
    Ratios of Cost sheet
    1. Raw material conversion period
    Raw material conversion period=Raw material inventory*360/Raw material Consumed

    In lacs

    Particular 2008-09 2009-10


    Raw material inventory 682.16 1060.48
    Raw material consumed 9479.66 12443.04
    Answer 25.90 30.68

    2. WIP Conversion Period


    WIP Conversion Period= WIP inventory*360/Cost of production

    In lacs

    Particular 2008-09 2009-10


    WIP inventory 158.81 3049.90
    Cost of production 20966.76 29041.9
    Answer 2.71 37.80

    3. Finished Goods Conversion

    Finished Goods Conversion= Finished Goods Inventory*360/Cost of goods sold


    In lacs

    Particular 2008-09 2009-10


    Finished goods inventory 3580.21 2360.35
    COGS 23219.04 31560.98

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