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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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