Question
Q2 Set up an expense sheet of the accompanying information identifying with the production of Pants: Number of Pants made during the month 1,000 '
Q2 Set up an expense sheet of the accompanying information identifying with the production of Pants:
Number of Pants made during the month 1,000
'
Direct materials devoured 20,000
Direct work 8,000
Roundabout work (in processing plant) 2,500
Oversight costs (in processing plant) 1,000
Plant premises lease 1,600
Plant lighting 600
Oil for machines 100
Devaluation of machines 500
Office overheads 8,000
Office pay rates 2,000
Misc. office costs 1,000
Selling and conveyance overheads 6,000
Note: A net revenue of 20% on the all out cost of products is normal on the offer of Pants.
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