A factory produces 100 units of a commodity. The cost of production is as follows: Factory overheads

Question:

A factory produces 100 units of a commodity. The cost of production is as follows: image text in transcribed

Factory overheads are 125% on wages, and office overheads are 20% on works cost. Expected profit is 25% on sales.
Calculate the price to be fixed per unit.

4a. A factory produces 100 units of a commodity. The cost of production is as follows: image text in transcribed

If a profit of 25% on sales is to be realized, what would be the selling price of each unit of the commodity?
Prepare the cost sheet.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting

ISBN: 9788131759462

1st Edition

Authors: K. Alex

See More Books

Question Posted: Sep 19, 2024 07:01 PM

See More Questions

Alistair bought a house on 1 April 2000 for 125,000 and occupied the entire house as his principal private residence until 1 November 2008. As from that date, he rented out two rooms (comprising...
Hydrogen sulfide has the distinctive unpleasant odor associated with rotten eggs, and it is poisonous. It often must be removed from crude natural gas and is therefore a product of refining natural...
The use of alcohol and drug testing of job applicants and employees has become a complicated and critically important job security issue. Do you believe companies should drug test all new hire...
A factory produces 100 units of a commodity. The cost of production is as follows: Factory overheads are 125% on wages, and office overheads are 20% on works cost. Expected profit is 25% on sales....
Use Mark Gilley's FlashCard statement. There is an error in his bill. The average daily balance, finance charge, available credit, and new balance amounts are not filled in. You can find a copy of...
On April 15, 2021, Grouper Ltd. declared a 600 per share cash dividend, payable on May 31 to shareholders of record on May 1. On the date of declaration, Grouper Ltd. had 261.000 common shares...
Gopal furnishes the following data relating to the manufacture of a standard product during the month of April: You are required to prepare a cost sheet from the aforementioned data showing (a) the...
The following information is obtained from the records of a factory for the period from 1 June to 30 June: Prepare statement on cost of production of goods manufactured, statement of cost of...
Match each of the key terms with the definition that best fits it. ____________ The first phase of the project management process in which activities are performed to assess the size, scope, and...
Define each of the five (5) elements in the digital ecosystem / architecture (platform, owner, providers, producers, consumers) 2) Apply the Digital, Automation & Autonomy, Smart (DAS) created by...
In 2011, NASA's space shuttle program in Florida came to an end and there was a span of time before the next space program started. Which of these most likely happened during the gap after the space...
Develop a staff schedule between the hours of 9 a.m. and 8 p.m. for week 8, which had 587 visits (see the worksheet Hudson Jeweler Demand Case Data in MindTap). Assume the maximum service rate is ten...
You migrate the Sales department in France to Teams Phone. Users in the Sales department report that when they dial a local French phone number from their Teams client, the United States country code...
Kris will receive $800 a month for the next five years from an insurance settlement. The interest rate is 4%, compounded monthly, for the first two years and 5%, compounded monthly, for the final...
Show a Lewis structure for C 2 H 6 O in which both carbons are bonded to the oxygen. What is the geometry of this molecule at the oxygen? Show the direction of the dipole for the molecule,
What will be the final value of DI after executing the following piece of code? Execute the instructions dependently one after another. CLD MOU CX,OFOH MOU AX.02874H MOU DI,01000H MOU ES, DI SUB...
Cost of quality analysis, ethical considerations (continuation of 19-17). Refer to information in Exercise 19-17 in answering this question. Safe Rider has discovered a more serious problem with the...
Non-financial measures of quality and time. Worldwide Cell Phones (WCP) has developed a cell phone that can be used anywhere in the world (even countries like Japan that have a relatively unique cell...
Quality improvement, relevant costs, relevant revenues. TechnoPrint manufactures and sells 20,000 high-technology printing presses each year. The variable and fixed costs of rework and repair are as...

A factory produces 100 units of a commodity. The cost of production is as follows: Factory overheads

Question:

Rs Materials 10,000 Wages 5,000 Direct expenses 1,000

Step by Step Answer:

Cost Accounting

Students also viewed these Business questions