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 2010:
Factory overheads: 80% of direct wages Offi ce overheads: 10% of works cost Selling and distribution expenses: Rs. 4 per unit sold.
Units produced and sold during the month: 10,000 Also fi nd the selling price per unit so that profi t mark-up is uniformly made to yield a profi t 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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