Q.4. The following data are related to the manufacture of a standard product during the month of December 2008. Raw materials consumed Tk.450000. Direct wage Tk.350000. Factory overhead was 75% of direct wages. Administrative overhead 20% of works cost. Selling overheads were Tk5000. Profit 20% on total cost of goods sold. During the month 5000 units were produced and sales were 4000 units. The company plans to sell 6000 units next month. Wages rates and material prices are expected to increase by 20% and 10% respectively. Factory overhead is applied on the basis of direct wages (Factory overhead rate will remain unchanged). Other costs will remain unchanged. Profit 20% on total cost of goods sold. You are required to prepare a statement of cost from the above.