process number
1. 2. 3
Raw material (litres) 100. -. -
material cost per litre(#). 2. -. -
waste percentage on input 10. 11.11. 6.25
Direct labour hour. 6. 10. 8
labour Rate per hour. 7.50. 10.00. 12.50
Overhead rate per labour hour 3.50. 3. 8
sales price per unit of finished goods -. -.
9
you are required to prepare the statement of standard cost and standard profit rate per 75 litres of finished product.
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