HND 会计 outcome 1

Trading,Profit & Loss Account for the year enging 31 Dec

￡￡￡

Sales￡3,550

Less Cost of Goods Sold

Opening Stock￡600

And purchases￡2,000

￡2,600

Less Closing Stock￡290

￡2,310

Gross Profit￡1,240

Add other business income

Discount received￡220

￡1,460

Less Expenses

Administhration Expenses￡220

Add accruals￡25

￡245

Distribution Costs￡340

Less Prepayment￡15

￡325

Debentures￡160

Depreciation

Land and buildings￡50

Plant and machinery￡40

Fixtures and fittings￡30

Motor Vehicles￡60

￡180

￡910

Net Profit Before Taxation￡550

Less Corporation Tax￡190

Net Profit After Taxation￡360

Add Unappropriated Profit b/f￡1,090

￡1,450

Less Appropriations

Ordinary Shares￡27

Preference Shares￡10

￡37 Unappropriated Profit C/F￡1,413

Income and expenditure budget

Jan Feb Mar April

Income￡￡￡￡

Sales￡8,000￡8,000￡10,400￡12,000 Expenditure

Raw materials￡400￡400￡520￡600 Labour￡2,400￡2,400￡3,120￡3,600 Variable Overheads￡400￡400￡520￡600 Fixed overheads

Rent and Rates￡1,000￡1,000￡1,000￡1,000 Insurance￡400￡400￡400￡400 Heat and light￡800￡800￡800￡800 Depreciation￡200￡200￡200￡200 Other￡250￡250￡250￡250 Other Fixed Overheads

Management Salary￡2,000￡2,000￡2,000￡2,000 Selling￡1,000￡1,000￡1,000￡1,000 Total￡8,850￡8,850￡9,810￡10,450

Cash Budget

Receipts Jan Feb Mar April

￡￡￡￡

Sales￡0￡8,000￡8,000￡10,400

Payments

Law materials￡0￡0￡400￡400 Labour￡2,400￡2,400￡3,120￡3,600 Variable Overheads￡400￡400￡520￡600 Fix Overheads

Rent and Rates￡1,000￡1,000￡1,000￡1,000 Insurance￡400￡400￡400￡400 Heat and light￡800￡800￡800￡800 Other￡250￡250￡250￡250 Other Fixed Overheads

Management Salary￡2,000￡2,000￡2,000￡2,000 Selling￡1,000￡1,000￡1,000￡1,000 Total￡8,250￡8,250￡9,490￡10,050 Opening Balance￡0-￡8,250-￡8,500-￡9,990

Add Receipt￡0￡8,000￡10,400

￡0

Less Payments￡8,250￡9,490￡10,050

Closing Balance-￡8,250

Break-even point:

Selling Price per unit￡40

Marginal Cost per unit￡16

Contribution per unit40-16=24

Break-even point=Fixed Costs/Contribution per unit=33900/24=1413 pairs of shoes

December 2003

May June Total ￡￡￡

￡14,000￡16,000￡684,000￡700￡800￡3,420￡4,200￡4,800￡20,520￡700￡800￡3,420

￡1,000￡1,000￡6,000￡400￡400￡2,400

￡800￡800￡4,800

￡200￡200￡1,200

￡250￡250￡1,500

￡2,000￡2,000￡12,000

￡1,000￡1,000￡6,000

￡11,250￡12,050￡61,260 May June

￡￡

￡12,000￡14,000

￡520￡600

￡4,200￡4,800

￡700￡800

￡1,000￡1,000

￡400￡400

￡800￡800

￡250￡250

￡2,000￡2,000

￡1,000￡1,000

￡10,870￡11,650

-￡9,640-￡8,510

￡12,000￡14,000

￡10,870￡11,650