Question

Prepare a statement of cost giving the following

information.

(a)

Prime Cost

(b) Works Cost

(C)

(d)

(e)

Cost of production

Cost of sales and

Profit

Raw materials consumed

Indirect materials

Wages traceable to jobs

Wages paid to maintenance worker

Lubricating oil

Consumable stores

Repairs to plant and Machinary

Repairs to office building

Postage and telegram

Audit fees

40,000

9,000

15,000

7,500

3,750

4,250

5,100

1,500

1,200

2,800​

Answer 1

Answer:

the cost of toast biscuit is rs 50