Question
Q.3. Calculate various costs, profit and sales with the help of the following information: Selling expenses SR 5,000 Telephone charges SR 9,000 Opening Stock of
Q.3. Calculate various costs, profit and sales with the help of the following information:
| Selling expenses | SR 5,000 |
| Telephone charges | SR 9,000 |
| Opening Stock of Raw Material | SR 7,400 |
| Freight Charges | SR 4,000 |
| Closing Stock of Finished goods | SR 6,000 |
| Opening Finished Goods | SR 9,500 |
| Depreciation of Factory Plant | SR 8,000 |
| Opening Stock of Work in Process | SR 10,000 |
| Factory Insurance | SR 6,500 |
| Closing Stock of Work in Process | SR 8,600 |
| Closing Stock of Material | SR 5,000 |
| Office Expenses | SR 4,500 |
| Direct labor | SR 2,000 |
| Office Insurance | SR 4,000 |
| Direct Material | SR 20,000 |
| Profit | 25% of Sales |
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
