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This is complete question, i share data and also its screenshot too Mr.Fahim furnishes the following data relating to the manufacture of a standard product

This is complete question, i share data and also its screenshot too

Mr.Fahim furnishes the following data relating to the manufacture of a standard product during the month of April 2020.

Raw materials consumed OMR 287000

Direct labour charges OMR 65400

Machine hour worked 18500

Machine hour rate OMR 3.2

Administrative overheads 30% on works cost

Selling and distribution expenses OMR 0.60 per unit

Units Produced 18500 Units

Units Sold 16000 at OMR 70.5 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

(c) Profit for the period.

image text in transcribed

Q1 Mr.Fahim furnishes the following data relating to the manufacture of a standard product during the month of April 2020. Raw materials consumed OMR 287000 Direct labour charges OMR 65400 Machine hour worked 18500 Machine hour rate OMR 3.2 Administrative overheads 30% on works cost Selling and distribution expenses OMR 0.60 per unit Units Produced 18500 Units Units Sold 16000 at OMR 70.5 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 (c) Profit for the period

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