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2. (a) Prepare a cost sheet on the basis of following information: Opening stock of raw material Raw material purchased Closing stock of raw
2. (a) Prepare a cost sheet on the basis of following information: Opening stock of raw material Raw material purchased Closing stock of raw material Direct wages Other direct expenses Factory overheads Office overheads Selling and distribution expenses Opening stock of finished goods Units produced during the period In hand at the end of the period 25,000 1,25,000 *25,000 50,000 20,000 40% of prime cost 20% of works cost Rs. 10 per unit 1000 units (valued at 40,000) Calculate also the selling price per unit if the profit margin be 20% of cost price. 15,000 units 5,000 units
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