Calculate Gross Value Added at Factor Cost: | ||
(i) | Units of output sold (units) | 1,000 |
(ii) | Price per unit of output (Rs.) | 30 |
(iii) | Depreciation (Rs.) | 1,000 |
(iv) | Intermediate cost (Rs.) | 12,000 |
(v) | Closing stock (Rs.) | 3,000 |
(vi) | Opening stock (Rs.) | 2,000 |
(vii) | Excise (Rs.) | 2,500 |
(viii) | Sales tax (Rs.) | 3,500 |
Answer:
Gross Value Added at Factor cost (\[GV{{A}_{FC}}\]) = Total Value of Sales + Change in Stock - Intermediate Consume \[GV{{A}_{FC}}\] (or\[GD{{P}_{FC}}\]) \[=(1000\times 30)+(3000-2000)-12000-(3500+2500)\] Or, \[GV{{A}_{FC}}\] = Rs. 13,000
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