.a. From the following data relating to the manufacture of a standard product during the month of September 2005. Prepare a statement showing the cost and profit per unit. Raw materials used Rs.20,000 Direct wages Man hours worked Office overheads Rs. 12,000 9,500 hours 20% on works cost Selling overheads Rs.0.50 paice per unit Machine hour rate Units produced Units sold Rs.2 20,000 units 18,000 @ Rs.10 per unit

.a. From the following data relating to the manufacture of a standard product during the month of September 2005. Prepare a statement showing the cost and profit per unit. Raw materials used Rs.20,000 Direct wages Man hours worked Office overheads Rs. 12,000 9,500 hours 20% on works cost Selling overheads Rs.0.50 paice per unit Machine hour rate Units produced Units sold Rs.2 20,000 units 18,000 @ Rs.10 per unit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PROVIDE Answer with calculation
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