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Please within 45 mins The following figures have been obtained from the records of a company engaged in execution of civil contracts for the year
Please within 45 mins
The following figures have been obtained from the records of a company engaged in execution of civil contracts for the year ended on 30th March 21: Particulars of Cost Values in INR 1,00,01,960 Cost of Material Consumed in production Wages paid to production workers Direct Expenses Works Overheads - at 25% of Direct Wages 70.89.860 18,63,682 Administration Overheads - 10% of Works Cost - Selling Overheads - at 8% of cost of production Distribution Overheads - at 24% of selling overheads Profit 38,60,000 You are required to prepare the cost sheet showing the Total Sales and the Profit as a % of cost and as a % of salesStep by Step Solution
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