Question

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2. The following information has been obtained from the records of Freezer
13
(a) Materials per Machine
Wages Per Machine
Number of machines manufactured and sold.
Selling price per machine
(b) Works oncost to be charged @ 60% of the wages.
(c) Office oncost to be charged @ 20% of works cost.
(d) There were no stock of machine or work-in-progress at the beginning of
at the end of the period.
Prepare a statement showing the profit per machine sold as per cost books,
Also prepare a statement showing actual profit if works expenses were Rs
43,000 and office expenses were Rs. 48,000 as per the financial records.
You are also required to reconcile the profit as shown by the costing
records and that shown by the financial records.
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Answer 1

Answer:

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