Q.3 From the following particulars prepare statement of cost and profit: Raw material consumed-- Rs. 80,000 Direct wages---- -50,000 Machine hours worked- -10,000 hours Machine hour rate- Rs. 3 per hour Office overheads- 20% of works cost Selling overheads- Rs. 2.5 per unit sold Units produced 11,000 Units sold------- 9000 units @ Rs. 23 per unit