2. The following particulars have been obtained from the cost records for the year 2003.

Materials used in manufacturing1,10,000

Materials used in primary packing 20,000

Materials used in selling the product 3,000

Materials used in the factory 1,500

Productive Wages 30,000

Factory supervison expences 4,000

Materials used for office 2,500

Chargeable expenses 10,000

Indirect expenses factory 2,000

Administartive expenses 3,000

Depreciation on Factory Building3,500

Deprectiation on Office Building 1,500

Freight on materials purchased 5,000

Depreciation on Delivery van 1,000

Salary paid to the driver of Delivery Van 3,600

Advsertisement 2,000

Marketing Exp 1,500

Assume that all product manufactured during the year have beeb sold to earn a profit of 20 % on selling price.