04 Mrudula Ice Cream Parlour
14
Exhibit 1 Mridula Ice-Cream Parlour Schedule for Price Fixation A. Purchase price (Rs./ Kg.) B. Estimated monthly expenses in Rs. Details Cashier's salary Counter boys (2) Rent Electricity Misc.expenses C. Expected average monthly volume (in Kgs.) D. Expected operting cost/kg. (B)/(C) E. Computation of price Unit size gms. Rs. Rs. Rs. 50 0.60 0.03 0.075 100 1.20 0.07 0.080 250 3.00 0.16 0.100 500 6.00 0.33 0.120 1000 12.00 0.65 0.160 Exhibit 2 Mridula Ice-Cream parlour Analysis of sales during April No.of orders Total weight (kgs) 50 3,640 4,687 234 100 2,200 3,130 313 250 720 1,640 410 500 340 1,000 500 1000 100 543 543 Total: 7,000 11,000 2,000 Purchase price @ Rs.12/kg Operating cost @ 65.3 ps/kg Containers cost/unit Unit-size (gms) Total no.of units
-
Upload
anil-joshi -
Category
Documents
-
view
518 -
download
59
Transcript of 04 Mrudula Ice Cream Parlour
Exhibit 1Mridula Ice-Cream Parlour
Schedule for Price FixationRs.
A. Purchase price (Rs./ Kg.)
B. Estimated monthly expenses in Rs.
Details
Cashier's salary 600
Counter boys (2) 600
Rent 150
Electricity 400
Misc.expenses 210
C. Expected average monthly volume (in Kgs.)
D. Expected operting cost/kg. (B)/(C)
E. Computation of price
Unit size
gms. Rs. Rs. Rs. Rs.
50 0.60 0.03 0.075 0.708
100 1.20 0.07 0.080 1.345
250 3.00 0.16 0.100 3.263
500 6.00 0.33 0.120 6.447
1000 12.00 0.65 0.160 12.813
Exhibit 2
Mridula Ice-Cream parlour
Analysis of sales during April
No.of orders Total no.of units
Total weight
(kgs)
50 3,640 4,687 234
100 2,200 3,130 313
250 720 1,640 410
500 340 1,000 500
1000 100 543 543
Total: 7,000 11,000 2,000
Purchase price @ Rs.12/kg
Operating cost @ 65.3 ps/kg
Containers cost/unit
Total cost/unit
Unit-size (gms)
No. of orders 3640 2200
No. of units 4687 3130
Total Weight 234.35 313
Exhibit 3
Mridula Ice-Cream Parlour
Schedule for Price revision
(Based on “Proper” allocation)
S.No.Common Cost 50 100
gms. gms.
Rs. Rs.
1 Cashier’s salary No.of orders 312 189
2 Counter boy’s salary No.of pieces sold 256 171
3 Rent Total weight
4 Electricity Total weight 89 119
5 Misc expenses Total weight
6 Total (1 to 5) 657 478
7 Total weight (kgs) 234 313
8 Operating cost/kg. (6/7) Rs./kg. 2.806 1.528
9 Operating cost/kg. Rs./piece 0.130 0.147
10 Purchase price/unit @ Rs.12/kg. “ 0.600 1.200
11 Containers (estimates) “ 0.075 0.080
12 Total cost/unit “ 0.805 1.427
13 110% of cost “ 0.886 1.570
14 Price (nearest 10 p) “ 0.900 1.600
Exhibit 4
Mridula Ice-Cream Parlour
Income Statement for April
A. Revenue
Product line No. of Kgs Price per piece
“50 gms” 234 0.80 3,744
“100 gms” 313 1.50 4,695
“250 gms” 410 3.60 5,904
“500 gms” 500 7.10 7,100
“1000 gms” 543 14.10 7,656
Total 2000 29,099
B. Less: Cost of raw material consumed
Purchase price 2100 12.00
Basis of Allocation
Gross profit
C. Less: Operative expenses Rs.
Cashier’s salary 462
Counter boy’s salary 616
Rent 154
Electricity 440
Misc.Expenses 308
Packaging/Containers
Product line No. of containers Cost per piece Total cost
“50 gms” 4,687 0.075 351.53
“100 gms” 3,130 0.080 250.40
“250 gms” 1,640 0.100 164.00
“500 gms” 1,000 0.120 120.00
“1000 gms” 543 0.160 86.88
Total operating expenses
D. Profit Before Taxes
E. Less: Estimated tax liability (40%)
F. Profit After Taxes
Mridula Ice-Cream Parlour
Product Line (gms) (gms) (gms)
Revenues (Rs.) 50 100 250
Sales Price per piece 0.80 1.50 3.60
Sales (in units) 4,680 3,130 1,640
Revenues (Rs.) 3,744.00 4,695.00 5,904.00
Variable cost
Purchase Price @ Rs. 12/kg 0.60 1.20 3.00
Containers Cost/unit 0.08 0.08 0.10
Loss due to melting (5% per unit) 0.03 0.06 0.15
Total Cost/unit 0.71 1.34 3.25
Contribution/unit Rs. 0.10 0.16 0.35
Contribution/kg Rs. 1.90 1.60 1.40
B122
Bhavdeep Singh Sethi: This is required to bring the various products on a common platform - so as to compare their contributions.
Total contribution 444.6 500.8 574
Fixed Costs (Actuals for June)
Counter boy's salary
Rent
Electricity
Misc Expenses
Profit Before Tax
(less) Tax
Profit After Tax
Exhibit 1Mridula Ice-Cream Parlour
Schedule for Price FixationRs.
12.00
1,960.00
3,000
65.33 paise
E. Computation of price
110% of cost Unit Price
Rs. Rs.
0.778 0.80
1.480 1.50
3.590 3.60
7.091 7.10
14.095 14.10
720 340 100 7000
1640 1000 543 11000
410 500 543 2000.35
Exhibit 3
Mridula Ice-Cream Parlour
Schedule for Price revision
(Based on “Proper” allocation)
250 500 1000gms. gms. gms.
Rs. Rs. Rs. Rs.
62 29 9 462 89 55 30 616
156 190 206 902
307 274 244 1,980
410 500 543 2,000
0.749 0.547 0.450 0.990
0.198 0.303 0.519
3.000 6.000 12.000
0.100 0.120 0.160
3.298 6.423 12.679
3.623 7.065 13.947
3.600 7.100 13.900
Exhibit 4
Mridula Ice-Cream Parlour
Income Statement for April
Rs. Rs.
29,099.30
Less: Cost of raw material consumed
25,200.00
Actual for June
3,899.30
1,980.00
972.81
2,952.81
946.49
378.60
567.90
Mridula Ice-Cream Parlour
(gms) (gms)
500 1000 Total
7.10 14.10
1,000 543
7,100.00 7,656.30 29,099.30
6.00 12.00
0.12 0.16
0.30 0.60
6.42 12.76 26,172.28
0.68 1.34 2,927.02
1.36 1.34
680 727.62 2927.02
616.00
154.00
440.00
308.00
1,518.00
1,409.02
563.61
845.41
Exhibit 1
Mridula Ice-Cream Parlour
Schedule for Price Fixation
A. Purchase price (Rs./ Kg.)B. Estimated monthly expenses in Rs.
DetailsCashier's salary 600
Counter boys (2) 600
Rent 150
Electricity 400
Misc.expenses 210
C. Expected average monthly volume (in Kgs.)D. Expected operting cost/kg. (B)/(C)E. Computation of price
Unit size
gms. Rs. Rs. Rs. Rs.50 0.60 0.03 0.075 0.708
100 1.20 0.07 0.080 1.345 250 3.00 0.16 0.100 3.263 500 6.00 0.33 0.120 6.447
1000 12.00 0.65 0.160 12.813
Exhibit 2Mridula Ice-Cream parlour
Analysis of sales during April
No.of orders Total no.of unitsTotal weight
(kgs)
50 3,640 4,687 234.35100 2,200 3,130 313.00 250 720 1,640 410.00 500 340 1,000 500.00
1000 100 543 543.00 Total: 7,000 11,000 2,000.35
Purchase price @ Rs.12/kg
Operating cost @ 65.3 ps/kg
Containers cost/unit
Total cost/unit
Unit-size (gms)
Exhibit 3Mridula Ice-Cream ParlourSchedule for Price revision
(Based on “Proper” allocation)
S.No.Common Cost 50 100
gms. gms.Rs. Rs.
1 Cashier’s salary No.of orders 240 145 2 Counter boy’s salary No.of pieces sold 263 175 3 Rent Total weight4 Electricity Total weight 106 141 5 Misc expenses Total weight6 Total (1 to 5) 609 461 7 Total weight (kgs) 234 313 8 Operating cost/kg. (6/7) Rs./kg. 2.603 1.473 9 Operating cost/kg. Rs./piece 0.130 0.147
10 Purchase price/unit @ Rs.12/kg. “ 0.600 1.200 11 Containers (estimates) “ 0.075 0.080 12 Total cost/unit “ 0.805 1.427 13 110% of cost “ 0.886 1.570 14 Price (nearest 10 p) “ 0.900 1.600
Exhibit 4Mridula Ice-Cream ParlourIncome Statement for April
A. RevenueProduct line No. of Kgs Price per piece
“50 gms” 234 0.80 3,744“100 gms” 313 1.50 4,695“250 gms” 410 3.60 5,904“500 gms” 500 7.10 7,100“1000 gms” 543 14.10 7,656
Total 2000 29,099B. Less: Cost of raw material consumed
Purchase price 2100 12.00 Gross profit
C. Less: Operative expenses Rs.Cashier’s salary 462Counter boy’s salary 616Rent 154
Basis of Allocation
Electricity 440Misc.Expenses 308Packaging/Containers
Product line No. of containers Cost per piece Total cost“50 gms” 4,687 0.075 351.53
“100 gms” 3,130 0.080 250.40
“250 gms” 1,640 0.100 164.00
“500 gms” 1,000 0.120 120.00
“1000 gms” 543 0.160 86.88
Total operating expenses
D. Profit Before TaxesE. Less: Estimated tax liability (40%)F. Profit After Taxes
Exhibit 1
Mridula Ice-Cream Parlour
Schedule for Price Fixation
12.00 1,960.00
3,000 65.33 paise
E. Computation of price
Rs. Rs. 0.778 0.80 1.480 1.50 3.590 3.60 7.091 7.10 14.095 14.10
110% of cost
Unit Price
Exhibit 3Mridula Ice-Cream ParlourSchedule for Price revision
(Based on “Proper” allocation)250 500 1000gms. gms. gms.Rs. Rs. Rs. Rs.
48 22 7 462 92 56 30 616
185 225 245 902
325 303 282 1,980 410 500 543 2,000 0.793 0.606 0.519 0.990 0.198 0.303 0.519 3.000 6.000 12.000 0.100 0.120 0.160 3.298 6.423 12.679 3.623 7.065 13.947 3.600 7.100 13.900
Exhibit 4Mridula Ice-Cream ParlourIncome Statement for April
Rs. Rs. 29,099.30
Less: Cost of raw material consumed25,200.00
3,899.30
1,980.00
Actual for June
972.81
2,952.81
946.49 378.60 567.90
