Question

Mr. Zia furnishes the following data related to the manufacture of a standard product during the month of August 2008
 
Raw material consumed - Rs 15,000
Direct labour Rs 5,000
Direct expenses Rs 4000
Machine hours worked - 900
Machine hour rate - Rs 5
Administration overheads = 20% of works cost
Selling overheads - Rs 0.50 per unit
Unit produced - 17,100
Unit sold - 16,000 @ Rs 4 per unit
 
You are required to prepare a cost sheet from the above showing:-
The cost per unit
Cost per unit sold and profit for the period​

Answer 1

Answer:

consumed - Rs 15,000

Direct labour Rs 5,000

Direct expenses Rs 4000

Machine hours worked - 900

Machine hour rate - Rs 5 required to prepare a cost sheet from the above showing:-

Administration overheads

Explanation:

Mr. Zia furnishes the following data related to the manufacture of a standard product duringjhfftyyuj the month of August 2008

 

Raw material consumed - Rs 15,000