Mr. Ramesh furnishes the following data relating to the manufacture of a standard product during...
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Accounting
Mr. Ramesh furnishes the following data relating to the manufacture of a standard product during the month of April 2003. Raw materials consumed Direct labour charges Machine hour worked Machine hour rate Administrative overheads Selling and distribution expenses Re.0.50 per unit Units Produced 17,100 Rs.15,OOO Rs. 9,000 900 Rs. 5 20% on works cost Units Sold 16,000 at Rs.4 per unit 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 profit for the period. [Ans : (a) Rs. 2; (b) Rs. 1.50; and Rs. 24,000)
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