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NEED HELP

shamsher ahmad (accountant) (25 Points)

06 September 2008

I WANT TO DO CA . I AM NEW IN THIS FIELD. I COMPLETED MY B.COM IN 2006 AND THEN I WORKED IN ABROAD. NOW STILL I AM IN EQUATORIAL GUIENA. BUT I WANT TO DO CA . PLEASE HELP ME TO HOW CAN I JOIN CA COURSE. AND DETAILES ABOUT CA. SO PLEASE HELP ME REGARDING THIS MATTER. THANKS IN ADVANCE

MY EMAIL - ahmad123shamsher @ yahoo.co.in

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2 Replies

Pavithra (student) (140 Points)
Replied 06 September 2008

Originally posted by :shamsher ahmad
for all the information u need u can visit at www.icai.org

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vikas (studing) (24 Points)
Replied 07 September 2008

The selling price of unit of a product is computed as follows;

Cost per unit

Raw material Rs. 50

Direct labour 20

Factory OH (including depreciation of Rs. 10) 20

Admn. OH (including depreciation of Rs. 5) 10

Selling OH (including depreciation of Rs. 5) 10

Total 110

Profit per unit 20

Selling price per unit 130

Average raw material in stockfor one month. Average material in WIP is for half month. Credit allowed by supplier is one month and credit allowed to debtors is one month. Average time lag in payment of wages is 10 days. Average time lag in payment of overhead is 30-days. 25 percentage of the sales are on cash basis. Cash balance is approximately maintained at Rs. 1, 00,000. The finished goods lie in the warehouse for one month.

You are required to prepare the statement of working capital required to finance the level of activity of 54,000 units of output.

This is the Working Capital question from Financial Management. Please send me solution as early as possible.

Thanking you