Mr. X furnishes the following data relating to the manufacturing of a standard product during the month of Ashadh 2069.
Direct material
Factory overheads
Rs. 16,000 Direct labour charge
Rs. 6,000
Rs.14,000
Administrative overheads 50% on works cost
Selling and distribution overheadsRe:0.50 per unit Opening stock
Production
5,400 units Sales
600 units
4.000 units @ Rs 15 per unit.
You are required to prepare a cost sheet from the above showing: (a) The cost of production per unit (b) Profit per unit sold and profit per period.
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