Answer to Question #30814 in Finance for NEELIMA
The following data are related to the manufacture of a standard product during the month of July 2009.
Raw materials consumed
Machine hours worked
Machine hours rate
20% of works cost
Re.0.50 per unit
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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