A company received an enquiry for the supply of 10,000 steel folding chairs. The costs are estimated

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A company received an enquiry for the supply of 10,000 steel folding chairs. The costs are estimated as follows: image text in transcribed

Prepare a statement showing the price to be fixed that will result in a profit of 20% on the selling price.

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Cost Accounting

ISBN: 9788131759462

1st Edition

Authors: K. Alex

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Question Posted: Sep 19, 2024 07:01 PM

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A company received an enquiry for the supply of 10,000 steel folding chairs. The costs are estimated as follows: Prepare a statement showing the price to be fixed that will result in a profit of 20%...
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A company received an enquiry for the supply of 10,000 steel folding chairs. The costs are estimated

Question:

Raw materials Direct wages Variable overheads: Factory Selling and distribution Fixed overheads: Factory Selling and distribution 1,00,000 kg at Re 1 per kg 10,000 hours at Rs 4 per hour Rs 2.40 per labour hour Rs 16,000 Rs 6,000 Rs 14,000

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Cost Accounting

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