Question 4: In Woody Lumber Manufacturing Company, material costing Rs. 375, 000 had been put...
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Question 4: In Woody Lumber Manufacturing Company, material costing Rs. 375, 000 had been put into process; 80% were direct materials; Labor costs were Rs. 400, 000; 65% were direct labor. Other costs were the following, and each was divided between factory and office in the ratio of 4:1 Heat, light & power Rs. 160, 000; Insurance Rs. 85, 000; Repair & Maintenance Rs. 20, 000 and Depreciation Rs. 45, 000. Additional office costs were as following: Selling expenses were Rs. 125, 000 and general expenses were Rs. 95, 000 Instructions: Compute the Prime, Conversion, Product and Period Cost. (6 Marks)
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