Answer to Question #343470 in Management for Bhavika

Question

Q2. Prepare cost sheet from the following:​​​​​​

Raw Material Consumed

Rs.1,50,000

Direct Wages

Rs.60,000

Factory over heads

10% of prime cost

Opening stock of work in progress

Rs.15,000

Closing stock of work in progress

Rs.20,000

Administrative overheads

5% of factory cost

Opening stock of Finished goods

Rs.12,000

Closing stock of Finished goods

Rs.14,000

Selling and distribution overheads

2% of Cost of Production

Selling price

15 per unit

No.of units sold

20000 units