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I need the answer as soon as possible Don't answer if you don't know and within few minutes 38 Rs. The following figures are available
I need the answer as soon as possible
Don't answer if you don't know and within few minutes 38 Rs. The following figures are available from the books of Best Manufacturing Co. for the year ended 31.12.11 : Rs. Materials : Profit for the year 6,090 Stock on 1.1.11 1,000 Selling overhead 5,250 Stock on 31.12.11 2,000 Factory overhead 4,500 Purchases during 2011 10,000 Administration overhead 4,200 Wages 7,500 (a) Prepare a cost sheet showing prime cost, works cost, cost of production, cost of sales and sales. (b) In 2012 the factory receives an order for a job which will require materials Rs. 1,200 and wages Rs. 750. Ascertain the sale price of the job if the factory intends to earn a profit 10% higher than the percentage of profit earned in 2011. Assume that the factory overhead has gone up by 16 % and selling overhead has gone down by 20% in 2012. Further assume that factory overhead is recovered as a percentage of the wages and administration and selling overhead as a percentage of works costStep by Step Solution
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