Model: (Required sales to earn certain profi t) From the following particulars, prepare a statement showing: (a)

Question:

Model: (Required sales to earn certain profi t)

From the following particulars, prepare a statement showing:

(a) Prime cost

(b) Works cost

(c) Cost of production and

(d) Cost of sales

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Also show by what percentage the average selling price in the above case should be increased in order to double the net profi t.

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 12, 2024 10:10 AM

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Model: (Required sales to earn certain profi t) From the following particulars, prepare a statement showing: (a)

Question:

Rs. Opening Stock of finished goods 9,750 Closing Stock of finished goods 11,100 Raw materials purchased 35,250 Carriage on materials purchased 850 Direct wages 18,450 Factory expenses 2,750 Selling expenses 2,450 Office on cost 1,850 Sales 75,000 Sale of scrap 250

Step by Step Answer:

Cost Accounting

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