Dr$.$

Cr$.$

Omega Limited manufactures a standard unit.

The Cost Accounting records of Omega Ltd$.$ show the following:

$($i$)$ Production overheads have been charged to work$-$in$-$progress at $20\%$ on Prime cost.

$($ii$)$ Administration Overheads have been recovered at Rs$.9\mathrm{.}75$ per finished Unit.

$($iii$)$ Selling & distribution Overheads have been recovered at Rs$.13$ per Unit sold.

$($iv$)$ The Under$-$ or Over$-$absorption of Overheads has not been transferred to costing $\frac{P}{L}\frac{A}{c}.$