QUESTION # 5 Sugar Mills Limited. submits the following data on October 31, 2010, material put into process Rs.42,300; direct labour is paid at
QUESTION # 5 Sugar Mills Limited. submits the following data on October 31, 2010, material put into process Rs.42,300; direct labour is paid at the rate of Rs.7.8 and Rs.8.4 in department A and B respectively. Department A worked 6125 hours and Department B reported 9875 hours. Factory overhead is applied on the basis of direct labour hours at the rate of Rs.5 per hour in Department A and Rs.4.2 per hour in Department B. Oct. 1 Oct.31 Finished goods 11,300 9400 Work in process 17,300 19,425 Materials 15,000 19,200 Required: Determine i. Total manufacturing cost ii. Cost of goods manufactured iii. Cost of goods sold
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