From the following particulars, prepare a statement showing

(a) prime cost,

(b) works cost,

(c) cost of production and

(d) cost of sales:

Also show by what percentage the average selling price in the aforementioned case should be increased in order to double the net profit.

Transcribed Image Text:

Opening stock of finished goods Closing stock of finished goods Rs 9,750 11,100 35,250 Raw materials purchased Carriage on materials purchased 850 Direct wages 18,450 Factory expenses 2,750 Selling expenses 2,450 Office cost 1,850 Sales 75,000 Sales of scrap 250