Presently I am Working with one of the
manufacturing unit and I want to know the
% of calculation of esic & provident fund from
basic & dearness allowance.
Cost center 60500 in controlling area 1000 is locked for
revenue postings on 31.03.2008.Now How can I Assign the
account to another cost center or allow cost center 60500
to again accept revenue postings.
From the following information you are to prepare a
Cash Budget for the period from July to December 2008.
(i) The estimated sales and expenses are
as follows:
June
July
Aug.
Sep.
Oct.
Nov.
Dec.
Sales
35,000
40,000
40,000
50,000
50,000
60,000
65,000
Purchases
14,000
16,000
17,000
20,000
20,000
25,000
28,000
Wages & Salaries
12,000
14,000
14,000
18,000
18,000
20,000
22,000
Expenses
5,000
6,000
6,000
6,000
7,000
7,000
7,000
Interest Received
2,000
-
-
2,000
-
-
2,000
Sale of Fixed Assets
-
-
20,000
-
-
-
-
(ii) Sales are 20% in cash and balance on
credit. 50% of the debtors are collected in the month of
sales and the remaining in the next month.
(iii) The time lag in payment of purchases
and expenses is 1 month. However, wages and salaries are
paid fortnightly with a time lag of 15 days.
(iv) The company maintains a minimum cash
balance of Rs. 5,000. The cash balance in excess of Rs.
7,000 is invested in government securities in multiples of
Rs. 1,000. Short falls in cash balance are made good by
borrowing from banks. The interest received as well as paid
is to be ignored.
You are required to show the effect of each of the
following changes on profit and Break-Even-Volume from
the information given below:
Sales 50,000
units Rs. 5.00 per unit
Variable
cost Rs. 3.00 per
unit
Fixed
cost Rs. 70,000
Changes:
(i) Price changes by 20%.
(ii) Volume decreases to 40,000 units.
(iii) Variable cost increases to Rs 3.50 per
unit.
(iv) Fixed cost decreases by 10%.
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