Mr X furnishes the following data relating to the manufacture of standard product during the month of April 2010.You are required to prepare a cost sheet from the above showing:Cost per unit, Profit per unit sold and profit for the period.
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Answer
Particulars Amount
Raw material 60,000
Wages 36,000
Prime cost 96,000
Addition of Factory Overheads 3,600
Work cost 99,600
Addition of Office Overheads 19,920
Cost of production 119,520
Units Produced 10,000
Cost per unit 20
Cost of 9000 units sold 180,000
Add Overheads 9000
Cost of sales 189,000
Add profit 89,480
Sales at Rupees 1 per unit 278480
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