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