Question

From the following information for the month of January 2020, Prepare a Cost Sheet to show the following components: a)Prime cost (b)Factory cost (c) cost of production (d) Total cost Direct material 57,000 Directwages 28,500 Factory rent and rates 2,500 Office rent and rates 500 Plant repairs and maintenance 1,000 Plant depreciation 1,250 Factory manager’s salary 2,000 Factory heating and lighting 400 Office salaries 1,600 Director’s remuneration 1,500 Telephone and postage 200 Printing and stationery 100 Legal changes 150 advertisement 1,500 Salesmen salaries 2,500 Show room rent 500 Sales 1,16,000​

Answer 1

From the following information for the month of January 2020, Prepare a Cost Sheet to show the following components: a)Prime cost (b)Factory cost (c) cost of production (d) Total cost Direct material 57,000 Directwages 28,500 Factory rent and rates 2,500 Office rent and rates 500 Plant repairs and maintenance 1,000 Plant depreciation 1,250 Factory manager’s salary 2,000 Factory heating and lighting 400 Office salaries 1,600 Director’s remuneration 1,500 Telephone and postage 200 Printing and stationery 100 Legal changes 150 advertisement 1,500 Salesmen salaries 2,500 Show room rent 500 Sales 1,16,000

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