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(3.5 Marks Task 2: Ibri traders furnishes the following data relating to the manufacture of a standard product during the month of January 2021. Raw
(3.5 Marks Task 2: Ibri traders furnishes the following data relating to the manufacture of a standard product during the month of January 2021. Raw materials consumed-------OMR 15000 Direct labour charges---------OMR 9000 Factory Overhead ------ OMR 4500 Administrative overheads 20% on works cost Selling and distribution expenses OMR .0.500 per unit sold Units Produced -------- 17,100 Units Units Sold 16,000 at OMR 4.000 per unit You are required to prepare a cost sheet from the above, showing: (a) The cost of production per unit. (b) Profit per unit sold and profit for the period. [4 Marks]
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