ABC Co Ltd is engaged in the manufacture of product P Its records reveal the following data for 31 March 2010 Direct Wages Rs 20,000 Factory overhead 125 of direct wages Prepare a cost statement 31 March 2009 31 March 2010 Rs Rs Raw Materials 10,000 12,000 Work in progress 15,000 17,000 Finished go...

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ABC Co Ltd. is engaged in the manufacture of product P. Its records reveal the following data

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ABC Co Ltd. is engaged in the manufacture of product “P”. Its records reveal the following data for 31 March 2010:

Direct Wages: Rs. 20,000 Factory overhead: 125% of direct wages

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Prepare a cost statement.

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 12, 2024 10:02 AM

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ABC Co Ltd. is engaged in the manufacture of product P. Its records reveal the following data

Question:

31 March 2009 31 March 2010 Rs. Rs. Raw Materials 10,000 12,000 Work-in-progress 15,000 17,000 Finished goods 30,000 25,000 Administration overhead 5,000 Purchases 70,000 Selling overhead 7,000 Sales for the year 1,50,000

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Cost Accounting

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