Problem 4:

The following data relate to the manufacture of a standard product during a four week period ending June 30, 2013:

Raw materials consumed 4000

Wages 6000

Machine hours worked 1000

Machine hour rate 0.50

Office overhead @ 20% on works cost S

elling overhead per unit 0.06

Units produced 20000

Units sold (at Re 1 per unit ) 18000

Prepare a cost sheet showing the cost per unit and profit for the period.