Op. Stock of raw materials Cl. Stock of raw materials Op. stock of Finished product Cl. stock of Finished product Purchase of raw materials Wages Charge Factory overhead @ 25% on Prime cost. 200000 150000 200000 50000 800000 250000 Office overhead is charged @ 75% of the Factory overhead. Actual Works expenses amounted to Rs.193750 Actual Office expenses amounted to Rs.152500 Sales Rs.2000000 From the above particulars prepare a cost sheet and also Explain the effect the under or over absorption of overheads shall have on the profits as per the Cost sheet