Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please do only if u can do in 5 minutes or else let others try. 5 A manufacturing company produces two commodities X and Y.
Please do only if u can do in 5 minutes or else let others try. 5 A manufacturing company produces two commodities X and Y. Related data for the year 2011-12 are as follows: Commodity X Y Rs. Rs. Number of units produced 5,000 3,000 Direct expenses : Raw material used 16,020 11,735 Wages 9,430 7,846 Other direct expenses 6,950 4,719 Other expenses : Supervisor's salary 5,824 Selling and distribution expenses 1,504 Administrative expenses 1,918 Prepare a cost sheet showing the cost of each commodity taking the following into consideration : (a) Works overhead will be charged in the ratio of prime cost. (b) Administrative expenses will be apportioned in the ratio that works cost of X bears to similar cost of Y. (c) Selling and distribution expenses will be apportioned in production ratio
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started