(Model: Computation of percentage of overheads)

From the following particulars of a manufacturing fi rm, prepare a statement showing

(a) cost of materials used,

(b) works cost,

(c) cost of production,

(d) percentage of works overhead to productive wages and

(e) percentage of general overhead to works cost.

Transcribed Image Text:

Rs. Stock of materials on 1 January 2009 40,000 Purchase of materials in January 2009 11,00,000 Stock of finished goods on 1 January 2009 50,000 Productive wages 5,00,000 Finished goods sold 24,00,000 Works overhead 1,50,000 Office and general expenses 1,00,000 Stock of material on 31 December 2009 Stock of finished goods on 31 December 2009 1,40,000 60,000