Model: Simple cost sheet A factory produces 100 units of commodity. The cost of production is: If
Question:
Model: Simple cost sheet A factory produces 100 units of commodity. The cost of production is:
If profi t of 25% on sales is to be realized what would be the selling price of each unit of the commodity? Prepare the cost sheet.
Transcribed Image Text:
Rs. Direct materials 10,000 Direct wages 5,000 Direct expenses 1,000 Factory overheads 6,500 Administrative overheads 3,480
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
answer all of the questions and FRQ they can be simple and don't have to write a lot make sure to number the answers the refnecis Ap microecomocims unit 4 there is no other information just answer...
-
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
-
Trans-Pacific Industry & Technology Company Trans-Pacific Industry & Technology (TPIT), Inc. is a diversified industrial company. The Company owns businesses providing products & services to the...
-
Suppose a town concludes that it costs on average $30.00 per household to manage the disposal of the waste generated by households each year. It is debating two strategies for funding this cost: (1)...
-
Waldon Toys owes $3000 due in 2 years with interest at 11% compounded semi-annually and $2500 due in 15 months at 9% compounded, quarterly. If the company wants to discharge these debts by making two...
-
Streaklines are shown in Fig. P969 for flow of water over the front portion of a blunt, axisymmetric cylinder aligned with the flow. Streaklines are generated by introducing air bubbles at evenly...
-
10. What is Pr(St < $98) for t = 1? How does this probability change when you change t?
-
Why is it important that your research can be related to a relevant theory base, and when during the project does the theoretical framework need to be identified? Emma was now at the start of her...
-
In national income accounting, the personal consumption expenditures category includes purchases of Multiple Choice O both new and used consumer goods. automobiles for personal use but not houses....
-
(Model: Total cost and profi t) In a factory a standard product is manufactured. From the following particulars prepare a cost sheet showing total cost and profi t made: Raw materials consumed Rs....
-
The following are the estimated costs for producing 1000 units: Raw materials Wages Direct expenses Machine hours needed Rs. 10,000 8,000 2,000 2,000 hours Rs. 2 Machine hours rate Fixed overheads...
-
Ian McMahon opens a solar-powered moped rental business near a college campus. He is the sole owner of the proprietorship, named Campus Motor Bikes. Transactions for the first month of operations,...
-
What is the difference between corporate and clinical? How do they differ? Can they both have the same outcome? Include a reference list that supports your stance of no fewer than 3 scholarly...
-
How do we attain the desire for the freedom to purse one's passions, the desire for economic security and well-being, the desire for hope and progress in one's life utilizing higher-order thinking
-
Instructions FNCE 625 - Investment Analysis and Management Group Project - Case Study Guideline Introduction: In this group assignment, each team will collaboratively make a comprehensive report and...
-
21) The EOQ model is solved using calculus but the key intuition is that relevant total costs are minimized when relevant ordering costs equal relevant carrying costs. 22) Safety stock is used as a...
-
In the long-term, what do you recommend as overall policy in order to reduce or avoid the kinds of PPE shortages that occurred during the different waves of the COVID virus? In simple terms, how...
-
The management of Harling Corporation is considering the purchase of a machine that would cost $90,504 and would have a useful life of 5 years. The machine would have no salvage value . The machine...
-
Archangel Corporation prepared the following variance report. Instructions Fill in the appropriate amounts or letters for the question marks in the report. ARCHANGEL CORPORATION Variance...
-
Fig 1. Rolling a 4 on a D4 A four sided die (D4), shaped like a pyramid (or tetrahedron), has 4 flat surfaces opposite four corner points. A number (1, 2, 3, or 4) appears close to the edge of each...
-
I just need help with question #4 please! Thank you! Windsor Manufacturing uses MRP to schedule its production. Below is the Bill of Material (BOM) for Product A. The quantity needed of the part...
-
(25) Suppose that we have an economy consisting of two farmers, Cornelius and Wheaton, who unsurprisingly farm corn c and wheat w, respectively. Assume that both farmers produce their crop of choice...
Study smarter with the SolutionInn App