Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prepare a cost sheet from the above data . (for period end on 31st March, 2006) Direct wages 1. From the following information, prepare a
Prepare a cost sheet from the above data . (for period end on 31st March, 2006)
Direct wages 1. From the following information, prepare a cost sheet for period ended on 31st March 2006. Rs. Opening stock of raw material 12,500 Purchases of raw material 1,36,000 Closing stock of raw material 8,500 54,000 Direct expenses 12,000 Factory overheads 100% of direct wages Office and administrative overheads 20% of works cost Selling and distribution overheads 26,000 Cost of opening stock of finished goods 12,000 Cost of Closing stock of finished goods 15,000 Profit on cost 20%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