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The accounts of Sharp Manufacturing Co. for the year ended 31st March, 2021, give the following data: Production wages Direct material used Chargeable expenses
The accounts of Sharp Manufacturing Co. for the year ended 31st March, 2021, give the following data: Production wages Direct material used Chargeable expenses 360,000 428,200 41,000 Sales Power and Fuel 1,100,000 12,000 Office salaries Carriage outward 25,800 7,400 Bad debts written off 9,000 Rent, rates and taxes (i) Office (ii) Works Travelling expenses Travellers' salaries and commission Depreciation on plant and machinery 6,000 17,400 8,600 14,500 8,500 Depreciation on office furniture 4,000 Gas and water (3/4 Factory, 1/4 Office) 13,600 Manager's salary (3/4 Factory, 1/4 Office) 36,000 10,000 General expenses 11,000 Hire of crane Time len Prepare a statement showing (i) Prime Cost (ii) Factory Cost and (iii) Total Cost and (iv) Net Profit. Maximum file size: 20MB, maximum number of files: 1
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