Question

The following data relate to the manufacture of standard product during the four week ending on 28th Oct, 2019. 
Raw materials                                                                             20,000
Direct wages                                                                                12,000
Machine hours worked                                                950 hours
Machine hour rate                                                       ₹ 2/per hour
Office overhead 15% on works cost
Selling overhead                                            ₹ 1 per unit
Units produced                                              20,000
Units sold @ ₹ 2.50 each                               18,000
 
Prepare a statement from the above showing:
a)       The cost of production per unit, and
b)       The profit for the period​

Answer 1

Explanation:

 detailed cost accounting syllabus as prescribed by various Universities and colleges in India are as under. You can download the syllabus in cost accounting pdf form.

Unit I