Question

Cost Accounting
cost statement and cost sheet
Materials - 200,000
Factory Expenses - 240000
Direct Labour 1, 60,000
office and Administrative overhead
120,000
Ascertain the cost of a job which
is likely to require matrials of
the value of 10,000 and wages
the extent or 6.000
solution and full method​

Answer 1

Answer:

32000

Explanation:

Material++Direct Labour+Factory Expenses+office and adm. expenses=Total cost

200000++160000+240000+120000=720000

When cost of Raw material and labour is ₹360000(i.e 200000+160000)then the Total Cost is ₹720000

when Cost of Raw material and labour is ₹16000(i.e10000+6000) then the Total cost will be 720000/360000*16000=32000