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 Machine hour worked Machine hour rate 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 OMR 65400 18500 OMR 3.2 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.
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 Machine hour worked Machine hour rate 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 OMR 65400 18500 OMR 3.2 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text: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
Machine hour worked
Machine hour rate
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
OMR 65400
18500
OMR 3.2
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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