Answer to Question #30355 in Finance for avinash singh

Question

The following data are related to the manufacture of a standard product during the month of July 2009.
Raw materials consumed-Rs.15,000
Direct wages-Rs. 9,000
Machine hours worked-900 hours
Machine hours rate-Rs.5
Administrative overheads-20% of works cost
Selling overheads-Re.0.50 per unit
Units produced-17,100
Units Sold-16,000 @ Rs.4 per unit

Prepare a cost sheet from the above to show:
a. The cost per unit
b. The profit per unit sold and profit for the period
Hint: Profit = 24000