Answer to Question #30814 in Finance for NEELIMA

Question #30814
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
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