Q.4- Mr Joy furnishes the following data to the
manufacturing of a product during the month of
December 2020:
Opening stock of raw materials 10,000
Closing stock of raw material 5,000
Purchase of raw material 1,00,000
Direct labor charges 35,000
Machine hours worked 1,000 hours
Machine hour rate Rs 14 per hour Administrative overhead 20% on works cost
Selling Overheads 50paise per unit sold
Unit Produced 14000
Unit Sold 13,500 at Rs. 15 per unit
You are required to prepare a cost sheet from the
above showing:
(a)Total cost per unit
(b)Profit per unit sold on profit for the period
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Answer:
manufacturing of a product during the month of
December 2020:
Opening stock of raw materials 10,000
Closing stock of raw material 5,000
Purchase of raw material 1,00,000
Direct labor charges 35,000
Machine hours worked 1,000 hours
Machine hour rate Rs 14 per hour Administrative overhead 20% on works cost
Selling Overheads 50paise per unit sold
Unit Produced 14000
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