Question

The following extract of costing information relates to commodity 'A' for the half year ending 31st december, 2006.

Answer 1

Answer:

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Explanation:

The following extract of costing information relates to commodity ‘A’ for the half year ending 31st Dec. 2005.

The following extract of costing information relates to commodity ‘A’ for the half year ending 31st Dec. 2005.

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Selling and distribution overheads are Sh. 1 per ton sold. 16000 tons of commodity were produced during the period:

Required:

You are to ascertain

(i) Cost of raw materials used

(ii) Cost of output for the period

(iii) Cost of sales

(iv) net profit for the period

(v) Net profit per ton of the commodity