A factory produces a standard product. The following information is given to you from which you are
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A factory produces a standard product. The following information is given to you from which you are required to prepare a cost sheet for January 2000.
Factory overheads 80% of direct wages
Office overheads 10% of works cost
Selling and distribution expenses Rs 2 per unit sold
Units produced and sold during the month 10,000
Also find the selling price per unit on the basis that profit mark up is uniformly made to yield a profit of 20% of the selling price. There was no stock or work-in-progress either at the beginning or at the end of the period.
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