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Problem 1.2 From the following information for the month of January, prepare a cost sheet to show the following components : (a) Prime Cost, (b)
Problem 1.2 From the following information for the month of January, prepare a cost sheet to show the following components : (a) Prime Cost, (b) Factory Cost, (c) Cost of Production, (d) Total Cost. Direct material 57,000 Direct wages 28,500 Factory rent and rates 2,500 Office rent and rates 500 Plant repairs and maintenance 1,000 Plant depreciation 1,250 Factory heating and lighting 400 Factory manager's salary 2,000 Office salaries 1,600 Director's remuneration 1,500 Telephone and postage 200 Printing and stationery 100 Legal charges 150 Advertisement 1.500 Salesmen's salaries 2,500 Showroom rent 500 Sales 1,16,000
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