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Accounting

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Don't answer if you don't know and within few minutes 38 Rs. The following figures are available from the books of Best Manufacturing Co. for the year ended 31.12.11 : Rs. Materials : Profit for the year 6,090 Stock on 1.1.11 1,000 Selling overhead 5,250 Stock on 31.12.11 2,000 Factory overhead 4,500 Purchases during 2011 10,000 Administration overhead 4,200 Wages 7,500 (a) Prepare a cost sheet showing prime cost, works cost, cost of production, cost of sales and sales. (b) In 2012 the factory receives an order for a job which will require materials Rs. 1,200 and wages Rs. 750. Ascertain the sale price of the job if the factory intends to earn a profit 10% higher than the percentage of profit earned in 2011. Assume that the factory overhead has gone up by 16 % and selling overhead has gone down by 20% in 2012. Further assume that factory overhead is recovered as a percentage of the wages and administration and selling overhead as a percentage of works cost

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