Question
Q 2 From the following particulars of a manufacturing firm, prepare a statement showing: Materials used in manufacturing OMR 60000 Materials used in primary packing
Q 2From the following particulars of a manufacturing firm, prepare a statement showing:
Materials used in manufacturing OMR 60000 |
Materials used in primary packing OMR 10000 |
Materials used in selling the product OMR 1500 |
Materials used in the factory OMR 750 |
Administrative expenses OMR 1250 |
Depreciation on office building OMR 750 |
Depreciation on factory building OMR1750 |
Materials used in the office OMR 1250 |
Wages - production OMR 10000 |
Wages - factory supervision OMR 2000 |
Indirect expenses - factory OMR 1000 |
Selling expenses OMR 3500 |
Audit charges OMR 250 |
Bank service charges OMR 100 |
Freight on materials purchased OMR 5000 |
Advertising Expenses OMR 1250 |
Profit OMR 25% on cost of production |
|
Calculate :
(a) Prime Cost (b) Works Cost
(c) Cost of Production (d) Cost of Sales and (e) Profit.
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