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Task 2: Ibri traders fumishes the following data relating to the manufacture of a standard product during the month of January 2021. Raw materials consumed-
Task 2: Ibri traders fumishes the following data relating to the manufacture of a standard product during the month of January 2021. Raw materials consumed- -OMR 15000 Direct labour charges----- -OMR 9000 Factory Overhead OMR 4500 Administrative overheads 20% on works cost Selling and distribution expenses OMR 0.500 per unit sold Units Produced 17,100 Units Units Sold 16,000 at OMR 4.000 per unit You are required to prepare a cost sheet from the above, showing: (a) The cost of production per unit. (b) Profit per unit sold and profit for the period
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