Question

Q2From the following data, prepare a monthly cost sheet showing therein:
a) Prime cost
b) Work cost
c) Cost of production
d) Cost of sales
e) Profit per unit
8000
10600
14600
Opening stock (1 January 2010)
Raw material
Work in progress
Finished goods (1000 units)
Closing stock (31 December 2010)
Raw material
Work in progress
Finished goods
Raw material purchased
Fright on raw material purchase
Direct wages
Machine hours works
Machine hour rate
Chargeable expenses
Office & administration expenses
Selling expenses
Units sold
Units produced
8000
9600
to be computed
70000
12000
16000
20000 hrs.
Rs. 1.40
2000
Rs. 1 per unit
Rs. 0.80 per unit
10000
10200
19:19​

Answer 1

Explanation:

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