Question

11. A factory produces a product and its relevant information is as follows as on 31.12.2010.
Raw materials:
Opening
Rs.10000
Purchases
Rs.85000
Closing stock
Rs.4000
Direct wages
Rs.20000
Direct charges
Rs.10000
Factory overheads
100% on direct labor
Office overheads
10% on works cost
Selling overheads
Rs.2 per unit sold.
Stock of finished goods on 1.1.2018(1000 units) Rs.54000
clas Stock of finished goods on 31.12.2018 -
2000 units.
. Units produced during the period
10000 units
Find the selling price per unit on the basis that a profit of 20% on selling price is to be
yield. There is a no work in progress at the beginning or at the end.​

Answer 1

Explanation:

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