The following details are available from the books of Nova Manufacturing Ltd. for the year ending 31st March 2026: Nova Manufacturing Ltd. produces…

Statement of Cost of Nova Manufacturing Ltd. for the year ended 31st March, 2026: Sl. No. Particulars Amount (₹) Amount (₹) (i) Material Consumed: Purchase of Raw Materials 1,02,50,000 Carriage Inward 2,10,000 Add: Opening Stock of Raw Materials 8,10,000 Less: Closing Stock of Raw Materials (5,90,000) Raw Material Consumed 1,06,80,000 (ii) Direct Employee (Labour) Cost: Direct Wages 72,40,000 Employer's Contribution to EPF & ESI 9,00,000 Total Direct Employee Cost 81,40,000 (iii) Direct Expenses: Consumable Materials 6,20,000 Cost of Power & Fuel 33,20,000 Total Direct Expenses 39,40,000 Prime Cost 2,27,60,000 (iv) Works / Factory Overheads: Wages to Foreman & Storekeeper 10,20,000 Other Indirect Wages to Factory Staff 1,95,000 Factory Maintenance & Repairs 7,30,000 Depreciation on Plant & Machinery 9,20,000 (Abnormal Loss – Not included in cost) — Total Factory Overheads 28,65,000 Gross Factory Cost 2,56,25,000 Add: Opening WIP 9,25,000 Less: Closing WIP (7,80,000) Factory Cost 2,57,70,000 (v) Quality Control Department Expenses 5,40,000 (vi) Research & Development Cost (Automation Systems) 12,80,000 (vii) Production Planning Office Expenses 15,50,000 Cost Of Production 2,91,40,000 Add: Opening Stock of Finished Goods 16,90,000 Less: Closing Stock of Finished Goods (12,40,000) Cost Of Goods Sold 2,95,90,000 (viii) Administrative Overheads: Salary to Accountants 8,40,000 Fees to Statutory Auditor 2,20,000 Fees to Cost Auditor 1,10,000 Fees to Independent Directors 11,80,000 Office Rent 11,50,000 Total Administrative Overheads 35,00,000 (ix) Selling & Distribution Overheads: Salary to Delivery Staff 18,20,000 Insurance on Finished Goods Warehouse 3,40,000 Packing Materials 4,80,000 Total Selling & Distribution Overheads 26,40,000 Cost Of Sales 3,57,30,000 Profit / (Loss) (Balancing Figure) (8,40,000) Sales 3,48,90,000 Notes: Abnormal loss of ₹4,60,000 (Scrap ₹40,000) is excluded from the cost sheet. Income tax and donation are not included in cost sheets.