4. From the following information, find out the amount of direct wages and also prepare a statement
of cost and profit :
₹
Sales
40,000
Percentage of Profit on Total Cost
25%
Office Oncost
25% of Works Cost
Works Oncost
100% of Direct Cost
Ratio of direct materials to direct wages is 2:3. Assume that there is no other direct expenses.
[Ans. 1. Prime Cost = 7 12,800; 2. Direct Material = 75,120; 3. Direct Wages = * 7,680)
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Following expenses have been incurred on the work order – Materials ` 8,000 and. Wages ` 500. Machine - P has been engaged for 200 ..
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