Question
From the following details calculate Prime cost, Factory cost, cost of production, Cost of Sales and Profit. [Currency in SAR] Direct Material 120,000 Direct wages
- From the following details calculate Prime cost, Factory cost, cost of production, Cost of Sales and Profit.
[Currency in SAR]
Direct Material | 120,000 | |
Direct wages | 40,000 | |
Wages for foreman | 5,000 | |
Electric Power | 1,000 | |
Lighting: Factory Office |
3,000 1,000 | |
Store keepers wages | 2,000 | |
Oil &Water | 1,000 | |
Rent: Factory Office |
10,000 2,500 | |
Depreciation: Factory plant Office Premises |
1,000 2,500 | |
Consumable stores | 5,000 | |
Repairs &Renewals: Factory plant Office Premises |
3,500 1,000 | |
Managers salary | 10,000 | |
Directors fees | 2,500 | |
Office stationery | 1,000 | |
Telephone Charges | 250 | |
Postages and telegrams | 500 | |
Carriage outward | 800 | |
Salesmens Salaries | 2,500 | |
Travelling Expenses | 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 |
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