(Model: Statement of cost—Ascertainment of total cost and total profi t)

In a factory two types of radios are manufactured viz. Orient and Usha models. From the following particulars, prepare a statement showing cost and profi t per radio sold.

There is no opening or closing stock.

Works overhead is charged at 80% on labour and offi ce overhead is taken at 15% on works cost. The selling price of both radios is Rs. 1,000. 78 Orient radios and 286 Usha radios were sold.

Transcribed Image Text:

Orient Usha Rs. Rs. Material Labour 27,300 1,08,680 15,600 62,920