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ABC Ltd. incurred the following cost during the year. Direct material Rs.60,000, Direct Labour Rs.15,000, Manufacturing Overhead Rs.20,000 and Selling & Administration Overhead Rs.24,000. During

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ABC Ltd. incurred the following cost during the year. Direct material Rs.60,000, Direct Labour Rs.15,000, Manufacturing Overhead Rs.20,000 and Selling & Administration Overhead Rs.24,000. During the year 2000 units are manufactured and 1500 units are sold. You have to find out the conversion cost, prime cost, product cost and period cost. (1.00)

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