Sei sulla pagina 1di 11

PROJECT REPORT

ON
COST ACCOUNTING
Submitted by:
Ata-u-Samad(FA17-MBAG-0019)
Submitted to:
Javed Hussain
Introduction

 Introduction to Report
 Purpose
 Methodology of Study
Cost Accounting

 Definition of Cost
 Role of Cost Accounting
 Contribution of Cost Accounting to Management
Planning
Controlling
Evaluation of Alternatives
Inventory Management
Pricing of Products and Projects
About Company

 Mountain Fruits Pvt. Limited.


 Established on March 2000
 Dry Fruits Exporter
 November 2004, become autonomous by repaying Rs. 3.5 mil to AKRSP
 Trained 2000 Farmers for improved farming
 2002 reached breakeven
Departmental Arrangement
Organizational Structure

Chief Executive
Officer

Manager Accounts and


Factory Manager Field Manager Marketing Manager
Administration

Data Entry Officer Supervisor Assistant Field Manager


Major Departments

Mountain Fruits (pvt.) Limited

Production Accounts Marketing


Department Department Department
Costing Element

 Direct Material
 Direct Labour
 Overhead
Classification of Cost
 Cost in Relation to Product
 Manufacturing Cost
 Direct Material
 Direct Labor
 Overheads
 Indirect material
 Indirect labor
 Commercial Cost
 Marketing and Selling
 Administrative and General

 Cost in Relation to Volume


 Variable Cost
 Fuel, Repair & Maintenance, Office Supplies, Utilities, Entertainment, Daily Wages
 Fixed Cost
 Salaries
 Depreciation
 Rent
 Insurance
Budgeting

 Budget
 A budget is a quantitative and financial expression of policies to be pursed and strategies to be
employed during a prescribed future period of time in order to achieve an objective.

 Budget Status
 Centralized
 Forecasted on the basis of orders received from the customers in the previous period

 Budget Period
 1st July to 30th June.
Production Budget
Mountain Fruits (Pvt.) Ltd.
Production Budget

 .
For the year 2009
Direct material
1.1 Purchases
Product Line Purchase Forecast
Units Kg. Av.Rate Amount
Apricot 79,341 80.00 6,347,280
Apricot kernels - - -
Walnuts 82,083 65.00 5,335,395
Almond 78,533 80.00 6,282,640
Fresh Apple 15,000 15.00 225,000
Grand Total 254,957 18,190,315

1.2 Transportation Inwards


Apricot 79,341 0.92 72,850
Apricot kernels - 1.83 -
Walnuts 82,083 0.78 64,030
Almond 78,533 0.78 61,261
Fresh Apple 15,000 1.83 27,450
254,957 225,591

1.3 Master Trainer Remuneration


Apricot 79,341 1.00 79,341
Apricot kernels - 1.00 -
Walnuts 82,083 2.00 164,166
Almond 78,533 2.00 157,066
Dried Apple 15,000 2.00 15,000
254,957 415,573
1.4 Packages
Apricot 79,341 0.60 47,605
Apricot kernels - 1.00 -
Walnuts 82,083 1.00 82,083
Almond 78,533 1.00 78,533
Dried Apple 15,000 1.00 15,000
254,957 223,221

1.5 Loading & Unloading


Apricot 79,341 1.00 79,341
Apricot kernels - 1.00 -
Walnuts 82,083 1.00 82,083
Almond 78,533 1.00 78,533
Dried Apple 15,000 1.00 15,000
254,957 254,957

Total 254,957 75.74 19,309,656


Conclusion

 MFL is a highly hygienic dry fruit processing Export Company, meeting international
standards o quality and hygiene.
 MFL has raised employment level to great extend especially for mostly illiterate women
of lower income families especially in danyore area.
 MFL is maintaining high standards of production and processing.
 The company also maintains proper material procurement procedures maintaining all
records.

References
 Company Journals
 Financial Report

Potrebbero piacerti anche