Q.6.The following data are related to the manufacture of a standard product during the month of December 2010. Raw materials consumed Tk.85000. Direct wage Tk.120,000. Factory overhead was 60% of direct wages. Administrative overhead was Tk 15000. Selling overheads were Tk5000. Profit 20% on total cost of goods sold. During the month production and sales were 4000 units. The company plans to sell 5000 units in the 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 cost. 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.