The following details are obtained from the cost records of Comet Paints Limited Prepare a production account giving the maximum possible break up of costs and profit Rs Stock of raw materials on 1 December 1994 75,000 Stock of raw materials on 31 December 1994 91,500 Direct wages 52,500 Indirect w...

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The following details are obtained from the cost records of Comet Paints Limited: Prepare a production account

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Prepare a production account giving the maximum possible break-up of costs and profit.

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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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The following details are obtained from the cost records of Comet Paints Limited: Prepare a production account

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Rs Stock of raw materials on 1 December 1994 75,000 Stock of raw materials on 31 December 1994 91,500 Direct wages 52,500 Indirect wages 2,750 Sales 2,11,000 WIP, 1 December 1994 28,000 WIP, 31 December 1994 35,000 Purchases of raw materials 66,000 Factory rent, rates and powers 15,000

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Cost Accounting

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