Page No
4.118:
Question
126:
Operating Ratio 92%; Operating Expenses `94,000; Revenue from Operations `6,00,000; Sales Return `40,000. Calculate Cost of Revenue from Operations (Cost of Goods Sold).
Answer:
Revenue from Operations (Net Sales)= ` 6,00,000*
Operating Ratio = 92%
Operating Ratio=Operating Cost Net Sales×100/92
=Operating Cost 6,00,000×100
Operating Cost= 6,00,000×92/100
=5,52,000
Operating Cost = Cost of Goods Sold + Operating Expenses
5,52,000 = Cost of Goods Sold + 94,000
Cost of Goods Sold = ` 4,58,000
*Note: Sales Return will not be considered since net sales are given
which means sales return have already been adjusted in the sales figure.
Page No
4.118:
Question
127:
(i) Cost of Revenue from
Operations (Cost of Goods Sold) `2,20,000; Revenue from Operations
(Net Sales) `3,20,000; Selling Expenses `12,000; Office
Expenses `8,000; Depreciation `6,000. Calculate Operating Ratio.
(ii) Revenue from Operations, Cash Sales `4,00,000; Credit
Sales `1,00,000; Gross Profit `1,00,000; Office
and Selling Expenses
`50,000. Calculate Operating Ratio.
Answer:
Operationg expenses =Selling expenses+ Office Expenses + Depreciation
26,000=12,000+8000+6,000
Cost of Goods Sold = 2,20,000
Operating Cost = Cost of Goods Sold + Operating Expenses
Operating Cost = 2,20,000 + 26,000 = 2,46,000
Sales = 3,20,000
Operating Ratio= Operating Cost/ Net Sales ×100
=2,46,000/3,20,000×100=76.875%
Net Sales= Cost of Goods sold +Gross Profit
=4,00,000+1,00,000=5,00,000
Cost of Goods Sold= Net Sale- Gross Profit
=5,00,000-1,00,000=4,00,000
Operating Expenses = Office and Selling Expenses = 50,000
Operating Cost = Cost of Goods Sold+ Operating Cost
=4,00,000+50,000
= 4,50,000
Operating Ratio= Operating Cost/ Net Sales ×100
=4,50,000/5,00,000× 100=90%
Page No
4.118:
Question
128:
From the following information, calculate Operating Ratio:
|
Cost
of Revenue |
|
|
Revenue
from Operation: |
|
|
from
Operations (Cost of Goods Sold) |
`52,000 |
|
Gross
Sales |
` 88,000 |
|
Operating
Expenses |
`18,000 |
|
Sales
Return |
` 8,000 |
Answer:
Net Sales = Gross Sales - Sales Return
= 88,000 - 8,000 = ` 80,000
Operating Cost = Cost of Goods Sold + Operating Expenses
= 52,000 + 18,000 = ` 70,000
Operating Ratio = Operating Cost/Net Sales × 100
= 70,000/80,000 × 100 = 87.5%
Page No
4.118:
Question
129:
Calculate Cost of Revenue from Operations from the
following information:
Revenue from Operations
` 12,00,000; Operating Ratio 75%; Operating
Expenses ` 1,00,000.
Answer:
Given:
Revenue from Operations (Net Sales)=
` 12,00,000
Operating Ratio=75%
Operating Expenses=
` 1,00,000
Find out:
Cost of Revenue from Operations
Operating Ratio=Operating Cost/
Net Sales×100/75
=Operating Cost/12,00,000
Operating Cost=
` 9,00,000
Operating Cost=Cost of Revenue from Operations+Operating Expenses
9,00,000=Cost of Revenue from Operations+1,00,000
Cost of Revenue from Operations=
` 8,00,000
Page No
4.118:
Question
130:
Calculate Operating Ratio from the following information:
Operating Cost
` 6,80,000; Gross Profit 25%; Operating Expenses `
80,000.
Answer:
Given:
Operating Cost=
` 6,80,000
Operating Expenses=
` 80,000
Gross Profit Ratio=25%
Find out: Operating Ratio
Operating Cost = Cost of Revenue from Operation+Operating Expenses
6,80,000=Cost of Revenue from Operations+80,000
Cost of Revenue from Operations=
` 6,00,000
Gross Profit=14th of sales=13rd of cost
Gross Profit=13×6,00,000=
` 2,00,000
Gross Profit Ratio=Gross Profit
Net Sales×100/25=2,00,000
Net Sales×100
Net Sales=
` 8,00,000
Operating Ratio=Operating Cost/Net Sales×100
=6,80,000/8,00,000×100
=85%
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