Question 2 Kamran Company produces various types of fertilizer. No beginning units in process or finished units were on hand on January 1, 2015, 30,000 finished units were on production cost Rs. 300,000. 75% were direct material. There was no beginning or ending material inventory. Labor costs were Rs. 350,000, 40% was for indirect Factory overhead costs, other than indirect materials and indirect labors were the following:

hand on December 31, 2015 and 95,000 units were sold during the year. There were no units in work in process inventory on December 31, 2015. The material

put into

labor.

Heat, light and power

Depreciation Factory Taxes

Repairs and Maintenance

Rs. 115,000

78,000 65,000

42,000

Selling Expenses were Rs. 80,000 general and administrative expenses were Rs. 50,000.