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Total Production 10000 (Units in Tons) Cost of Raw Material= $20000000 Carriage Inward= $200000 Direct Wages= $10000000 Indirect Wages in Works= $1000000 Salary of
Total Production 10000 (Units in Tons) Cost of Raw Material= $20000000 Carriage Inward= $200000 Direct Wages= $10000000 Indirect Wages in Works= $1000000 Salary of Works Director=$50000 Office Expense-$2000000 Salary etc of Managing Director=$200000 Director's Fees =$150000 Selling and Distribution Overhead=$ 2000000 Expenses on Testing Laboratory for works=$100000 Profit Margin of 40% on Total Cost Cost Sheet for the Month Particulars Raw Material Carriage Inward Direct Wages Prime Cost: Works Overhead Indirect wages Output: 10000 Tons Total Cost (in S) Cost per Ton (InS) 20000000 2000 200000 20 10000000 1000 30200000 3020 Salary of Works Director Expense on Testing Laboratory Work Cost: 1000000 100 50000 5 100000 10 31350000 3135 Office and Administrative Overhead: Office Expense 2000000 200 Salary of Managing Directors 200000 20 Director's Fees 150000 15 Cost of Production: 33700000 3370 Selling and Distribution Overheads 2000000 200 Total Cost: 35700000 3570 Profit (40% of Total Cost) 14280000 1428 Selling Price 49980000 4998
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