Page 25 - DCOM206_COST_ACCOUNTING_II

Cost Accounting – II

Notes Solution:
Operating Cost Sheet of Canteen for the Year ended 31st December, 2007
No. of Meals Served: 1,200
Particulars Total Cost Cost Per Meal
(`) (`)
(A) Salaries and Wages:
Supervision 6,000
Cooks’ salary 6,000
Helpers’ salary 1,800
Cleaners’ salary 1,200
Sweepers’ salary 1,200
Total 16,200 13.50
(B) Provisions :
Meat 5,000
Fish 3,000
Eggs 500
Vegetables 1,500
Bakery items 1,000
Fruits 500
Milk 500
Beverages 1,000
Sundry food 500
Total 13,500 11.25
(C) Consumable Stores :
Crockery and cutlery 300
Cleaning materials 100
Towels 100
Consumable stores 200
Total 700 0.58
(D) Services :
Gas 600
Total 600 0.50
(E) Miscellaneous Overheads :
Management salaries 12,000
Premises rent 2,000
Insurance premium 1,000
Repairs and maintenance 500
Other administrative expenses 1,500
Total 17,000 14.17
(F) Total operating cost of canteen (A+B+C+D+E) 48,000 –
(G) Cost of per meal (48,000 ÷ 1,200 = 40.0) – 40.0

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