Question
Calculate cost of production from the following information: - Raw material purchased = Ro 42,500 Freight paid = Ro 5,000 Labour charges = Ro 12,500
Calculate cost of production from the following information: -
Raw material purchased = Ro 42,500
Freight paid = Ro 5,000
Labour charges = Ro 12,500
Direct expenses = Ro 10,000
Factory overhead 80% of direct labour charges
Administrative overhead = 10% of work cost
Opening stock Closing stock
Raw material 8,000 10,000
Work in progress 7,500 9,000
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
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