From the following information, prepare the statement showing cost and profit per unit. Direct material Rs. 1,80,000 Direct labour 25% of direct material cost and direct labour cost Direct expenses 1/6th of the prime cost Factory on cost 10% of works cost Office & adm. expenses 20% of cost of production Selling & distribution expenses 1/11th of cost of sales Unit remains unsold 1/9th of units sold Profit 1/6th of sales Units produced 100 925 Statement showing Cost and Profit Particulars Total (Rs) Per Unit (Rs) 1,80,000 60,000 48.000 1,800 600 480 2,880 320 A Direct Material Cost B. Direct Labour Cost (33-1/3% of Rs 1,80,000) Direct Expenses (1/5th of Rs. 2,40,000] D Prime Cost A + B + C) E Factory on Cost (1/9th of Rs 2,88,000] F Works Cost (D + E] G. Office & adm. expenses (1/4th of Rs. 3,20,000) H Cost of goods produced (F + G] 1. Add: Opening stock of finished goods Less: Closing stock of finished goods (10% of Rs 4,00,000) J. Cost of goods sold (H - 1) K Selling & distribution expenses (10% of Rs 3,60,000) L. Cost of sales J + K] M. Profit (1/5th of 3,96,000) N Sales (L + M] 2,88,000 32,000 3,20,000 80,000 4,00,000 3,200 800 4.000 4,000 400 40,000 3,60,000 36,000 3,96,000 79.200 4,75,200 4,400 880 5,280 PROBLEM 1.11 From the following information, prepare a statement showing the cost and profit per unit 1 Direct material consumed Rs. 4,00,000 2 Direct labour 40% of direct material cost 3. Direct expenses 50% of direct labour cost 4 Factory overheads 25% of prime cost 5 Office & adm. expenses have been absorbed @ Rs. 150 per 10 units produced. 6. Selling & distribution expenses have been applied @ Rs. 500 per 100 units sold. 7 Opening finished Stock 800 units @ Rs 85.50 per unit 8 Closing finished Stock 400 units 9 Finished goods sold 16,400 10. Profit 1/6th of sales