Question

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 Raw Materials to direct wages is 2:3. There is no other direct expenses.
(Garhwal, 2004)

Answer 1

Answer:

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