1. Ascertain Cost of Goods Sold from the following figures:
Purchases Rs. 5,000; Opening Stock Rs. 15,000; Closing Stock Rs.7,000.
2. Ascertain Gross Profit / Loss form the following figures:
Closing Stock Rs. 1,500; Sales Rs. 14,000; Opening Inventory Rs. 12,000; Net Purchases Rs. 7,500; Rs. Return Inward Rs. 2,500.
3. Ascertain Purchases from the following figures:
Cost of Sales Rs. 90,000; Ending Inventory Rs. 7,000; Beginning Inventory Rs. 15,000.
4.From the following information extract Gross Profit and Net Profit:
Opening Inventory Rs. Rs. 3,000; Purchases Rs. 14,000; Sales Rs. 22,000; Closing Inventory Rs. 5,500; Sales Return Rs. 1,500; Salaries Rs. 500; Financial Charges Rs. 1,500; Carriage Inward Rs. 150; Salaries Outstanding Rs. 400 ; Carriage Outward Rs. 100.
From the following calculate (i) Re-ordering Level and (ii) Minimum Level
Minimum usage 100 units per week Normal usage 200 units per week
Maximum usage 300 units per week Re-order period 4 to 6 weeks

Calculate Ordering Level, Minimum Level and Maximum Level from the following data:
Re-order quantity 1,500 units Re-order period 4 to 6 weeks
Maximum consumption 400 units per week Average consumption 300 units per week
Minimum consumption 250 units per week

Find out Minimum Stock Level, Maximum Stock Level and Ordering Level from the following particulars:
Minimum consumption       100 units per day              Maximum consumption    175 units per day
Normal consumption           125 units per day               Re-order quantity                1,500 units
Minimum period for receiving goods      7 days             Maximum period for receiving goods   15 days
Normal period for receiving goods   10 days

A manufacturer buys certain equipment form suppliers at Rs. 30 per unit. Total annual needs are 800 units. The following further data are available:
Annual return on investments 10%                    Rent, insurance, storing per unit per year Rs. 2
Cost of placing an order Rs. 100
Required: EOQ

Comments

Post a Comment

Popular posts from this blog

Work certified and uncertified

Meaning of Work Certified  When contractor takes the contract to complete any construction work, it may complete in 4 or 5 years. but contractor has to pay different expenses for material, labor and others. So, it is very necessary to pay him some money of contract. This money is given on the basis of work done. So, any part of construction which is completed by contractor will be work certified if it is certified by an authority. Authority may be independent engineer or architect who can estimated the work. He will issue the certificate of work done after certifying the work of construction. On this work certified, contractor has right to get money of contract. Meaning of Work Uncertified Work uncertified means work done but not certified by authority. So, contractee will cut some money on the basis of work uncertified and will keep in his pocket. This will be retention money. Accounting Treatment of Work Certified and Work Uncertified  (I) Work  certified...
Read more

factors influencing choice of advertising agency

The Advertiser looks for an advertising agency whose services and expertise meets his requirements. Following factors should be considered while selecting an advertising agency:- Services offered by Ad-agency  - There are different agencies provides different services, some provides all the services, some provide selected services, some provides only media services. It depends on the requirement of advertiser whether he need a fulls service agency, creative boutique, media buying service agency, or a  sweet shop . Experience of Agency  - An experienced agency performs better then a new agency  because it is familiar with different components of marketing environment like- competitors' policies, taste of consumer, income of consumer, consumer responses, fashions and trends, reputation of different media etc. Location  - A major factor to be considered while selecting ad-agency is location of office of agency. A considerable amou...
Read more

Environment of International Marketing

Image
Apple is so successful because of their effective marketing efforts. They are good in identifying relevant environmental factors and trends which helps in taking advantage of opportunities and minimising threats.  New technological developments, global economic conditions, worldwide population changes, increased competition, legislative requirements, and political events are some of the factors affecting current and future marketing activities of the organisations around the world. Combination of such factors makes the International Marketing Environment. The long term performance of any organisation depends on its ability to identify and respond effectively to the key changes in its marketing environment.  Meaning of International Marketing Environment  International Marketing Environment is the combination of various factors external to an organisation that can affect the international marketing decisions of the organisation in international market. These fac...
Read more