Direct wages 1. From the following details calculate Prime cost, Factory cost, cost of production, Cost of Sales and Profit Currency in SAR) Direct Material 120,000 40,000 Wages for foreman 5,000 Electric Power 1,000 Lighting Factory 3,000 Office 1.000 Storekeeper's wages 2,000 Oil & Water 1.000 Rent Factory 10,000 Office 2.500 Depreciation: Factory plant 1,000 Office Premises 2.500 Consumable stores 5.000 Repairs & Renewals: Factory plant 3,500 Office Premises 1,000 Manager's salary 10,000 Director's fees 2,500 Office stationery 1.000 Telephone Charges 250 Postages and telegrams 500 Carriage outward 800 Salesmen's Salaries 2,500 Travelling lixpenses 1.000 Advertising 3,000 Warehouse Charges 1.000 Profit 25% on Sales Opening stock Closing stock Raw material 5,000 SAR 10,000 SAR Work in progress 8,500 SAR 9.500 SAR Solution: 412 words English (United States)