From the following particulars of a manufacturing company, prepare a statement showing

(a) cost of materials used;

(b) prime cost;

(c) works cost; (d)

percentage of works overheads to productive wages;

(e) cost of production;

(f) percentage of general overheads to works cost; and (g) net profi t.

Transcribed Image Text:

Rs. Stock of materials on 01 March 2010 10,000 Purchase of materials in March 2,75,000 Stock of finished goods on 1 March 2010 12,500 Productive wages 1,25,000 Finished goods sold 6,00,000 Works overheads 37,500 Office and general overheads 25,000 Stock of materials on 31 March 2010 35,000 Stock of finished goods on 31 March 2010 15,000