Illustration 6 The Fancy Toys' Co. are manufacturers of two types of toys, I and y. The manufacturing cost for the year ended 31st Dec.. 1978 were : Rs. Direct Material 2,00.000 Direct Wages 1,12,000 Production Overhead 48,000 Rs. 3,60,000 There was no work-in-progress at the beginning or at the end of the year. It is ascertained that: (i) Direct materials in type 2, costs twice as much as direct materials in type y. (ii) The direct wages for type y were 60% of those for type z. (iii) Production Overhead was 30 Paise, the same per toy of z and y types. (iv) Administration Overhead for each grade was 200% of direct labour. (ov) Selling Cost was 25 P. per toy for each type of toy. (vi) Production during the year was: Type :--40,000 toys of which 36,000 were sold. Type y-1,20,000 toys of which 1,00,000 were sold. (vii) Selling prices were Rs. 7 per toy for type : and Rs. 5 per toy for type y. Prepare a statement showing the total cost per toy for each type of toy and the profit made on each type of toy