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Ibri traders furnishes the following data relating to the manufacture of a standard product during the month of January 2021. Raw materials consumed-------OMR 15000 Direct
Ibri traders furnishes the following data relating to the manufacture of a standard product during the month of January 2021. Raw materials consumed-------OMR 15000 Direct labour charges---------OMR 9000 Factory Overhead ----------- OMR 4500 Administrative overheads 20% on works cost Selling and distribution expenses OMR .0.500 per unit sold Units Produced -------- 17,100 Units Units Sold 16,000 at OMR 4.000 per unit You are required to prepare a cost sheet from the above, showing: (a) The cost of production per unit. (b) Profit per unit sold and profit for the period.
Ibri traders furnishes the following data relating to the manufacture of a standard product during the month of January 2021.
Raw materials consumed-------OMR 15000
Direct labour charges---------OMR 9000
Factory Overhead ----------- OMR 4500
Administrative overheads 20% on works cost
Selling and distribution expenses OMR .0.500 per unit sold
Units Produced -------- 17,100 Units
Units Sold 16,000 at OMR 4.000 per unit
You are required to prepare a cost sheet from the above, showing:
(a) The cost of production per unit.
(b) Profit per unit sold and profit for the period.
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