X Ltd. purchased some materials from Y Co. of London at a price of 45,000 after allowing for trade discount @ 10%. X Ltd. had to pay import duty of 5,000, freight 2,300, insurance 500, octroi 300, landing charges 900, carriage 1,000 and special packing * 1,500. As the materials were of national importance 40% duty draw back was allowed. After bringing the materials to worksite the materials used for special packing were sold for 500. One-twentieth of the materials was used in the factory for labour welfare purposes and the balance was used as direct materials. You are asked to workout the Direct Material Cost and also the amount to be included in Factory Overhead.
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