Question
Monorama Ltd. has furnished the following cost data pertaining to various jobs for the year ended March 31, 2006: Particulars Rs. Direct materials 9,80,000 Direct
Monorama Ltd. has furnished the following cost data pertaining to various jobs for the year ended March 31, 2006:
Particulars | Rs. |
Direct materials | 9,80,000 |
Direct wages | 5,27,000 |
Profit | 4,53,479 |
Selling & distribution overheads | 1,74,415 |
Administrative overheads | 3,48,830 |
Factory overheads | 2,37,150 |
The company absorbs factory overhead on the basis of direct wages and recovers administrative and selling & distribution overheads on factory cost. The company received an order for Job No. A-12 and furnished the following cost data of the job: Direct material Rs.21,420 Direct Wages Rs.12,240 If the administrative overhead is increased by 5%, the total sales value of Job No. A-12.
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