The following particulars have been extracted from the books of a manufacturing company: Out of 48 hours
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The following particulars have been extracted from the books of a manufacturing company:
Out of 48 hours in a week, the time devoted by the manager to the factory and offi ce was on an average 40 hours and 8 hours respectively throughout the accounting year.
Prepare a statement giving the following information:
(a) prime cost,
(b) factory on cost as a percentage of production wages,
(c) factory cost,
(d) general on cost as a percentage of factory cost and
(e) total cost.
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