M/s State Processing Limited manufactures a product named "Sauce". Following cost details are provided to find out the cost of sale of the product based on the cost data of the previous month. The organisation issues raw material on FIFO method.

Finished production - kg = 16111

Sl. No.	Cost	Quantity-Kg/No	Amount-Rs.
1	Basic raw material purchase - kg	15,000	5,92,500
2	Packing material (cartons) purchase -Nos.	500	50,000
3	Other material consumption		10,000
4	Indirect labour cost		10,000
5	Office printing and stationery		6,000
6	Sales manager's travelling cost		24,000
7	Bad debts		5,000
8	Office expenses		8,000
9	Depreciation on plant and machinery		7,000

10	Depreciation on office furniture		3,000
11	Depreciation on fire extinguishers		2,000
12	Legal fees		12,000
13	Auditors fees		40,000
14	Conveyance expenses		10,000
15	Repairs to factory building		3,000
16	Repairs to finished goods godown		2,000

17	Donation to a charitable trust		11,000
18	Direct labour cost		2,00,000
19	Insurance premium on work in progress		1,500
20	Insurance premium on raw material		1,200
21	Insurance premium on finished goods		2,300
22	Insurance premium on plant and machinery		6,000
23	Miscellaneous factory expenses		17,000
24	Salary to production staff		1,40,000
25	Salary to administration staff		1,20,000
26	Salary to sales and distribution staff		1,90,000

27	Direct expenses		30,000
28	Sales depot office expenses		4,000
29	Sales staff telephone cost		15,000
30	Sales commission		60,000
31	Freight outward for goods to depot		24,000
32	Advertisement expenses for promotion of the product		1,86,000
	Total		17,92,500

	Opening Inventory	Quantity	Value-Rs.
1	Raw material - kg	3,000	1,14,000
2	Packing material (cartons) Nos.	500	45,000
3	Work in progress - kg	1,500	1,05,000
4	Finished goods - kg	1,200	86,400

	Closing Inventory	Quantity	Value-Rs.
1	Raw material - kg	500
2	Packing material (cartons) Nos.	800
3	Work in progress - kg	1,200
4	Finished goods - kg	400

	Production manager reported the following:
1	There was a process loss which was found to be within limits	3% of raw material consumption
2	One lot of raw material was given on loan to the neighbouting unit for one month which was not received back by the end of previous month. - Kg	1,200
3	Sales - Kg	16,911
4	Sales price - Rs/kg	125
5	Standard consumption of raw material per kg of production	1.0500

Calculate

1) Material Balancing

2) Effective Production

3)Factory cost of finished production

4)Cost of production per unit of goods produced

5)Cost of sale per unit of quantity sold

6)Total value of clo inventory

7)Costing Profit/Loss on the product

8)Actual consumption of raw material per kg of effective production

9)Variance of actual consumption per kg of effective production with that of standard consumption

10)Cost (Amount-Rs.) saved/ lost due to less/excess consumption respectively