Question

Q-2) Z Company manufacturing transistor sets and the following details are furnished in respects
of its factory operations for the year ended 31st December 2007.
Raw Material
Purchases
Opening Stock
Closing Stock
Direct Labor
Manufacturing Expenses
Office & Administration Expenses
Rs.
40,000/-
8,000/-
6,000/-
28,000/-
8,500/-
5,300/-
Work in Progress;
Materials
Labor
Manufacturing Expenses
Opening
1,000/-
1,200/-
600/-
Closing
1,500/-
1,400/-
700/-
2,800/-
3,600/-
During the year 600 sets are produced. Prepare a statement of Cost of Production
10 marks​

Answer 1

Explanation:

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