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Instant answer within 5 minutes please don't waste my turn 3 GVR Ltd. manufactures ball-bearings. The relevant figures for the month of June, 2012 were
Instant answer within 5 minutes please don't waste my turn 3 GVR Ltd. manufactures ball-bearings. The relevant figures for the month of June, 2012 were as follows: Rs. Cost of raw materials consumed Wages and salaries : Works (75% direct) Office 50,000 1,00,000 8,000 Showroom 3,000 Rent and rates: Works 8,500 Office 12,000 Showroom 1,000 Power 5,000 Lighting and heating : Works Office 3,500 200 Showroom 600 100 Depreciation : Machinery 1,750 Office equipment 3,550 Showroom equipment In addition to the above, the following expenditure estimated for the full financial year: Advertising 24,000 Sundry expenditure : Works (25% direct) 60,000 Office 30,000 6,000 Showroom The output for June was 1,000 ball-bearings and 800 ball-bearings were sold during the month. The selling price of each ball-bearing was Rs. 300 and the salesmen received a commission of 5% on the sale price of every ball-bearing sold. From the above prepare a cost statement
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