Question 1 The following information has been taken from the Ledger of Irfan Brothers Sadar Bazar, Karachi for the year ended on June 30, 2015. Rs. 15,700 12,000 46,250 1,075 1,786 1,625 3,150 725 1,628 1,113 2,125 Stock of material, June 30 2015 Stock of materials, July 1, 2014 Material purchased during the year Carriage outward Carriage inward Salaries - Factory Salaries - Office Discount Expenses Bad debts written off Repairs of plant, machineries and tools Rent and insurance - Factory Rent and insurance - Office Sales Travelling Expenses Traveler's salaries and commission Productive wages Depreciation of machinery and tools Depreciation of office furniture Director's fees Gas, and water - Factory Gas and water - Office Manager's salary (3/4th factory, office) General Expenses 500 115,275 525 1,925 31,500 1,625 75 1,500 300 100 2,500 1/4th 850 Calculate Prime Cost