OR Prepare a Cost Sheet from the following showing:(i) Cost per unit and (ii) Profit for the period. Raw materials consumed Rs. 80,000 Direct wages Rs. 48,000 Machine hours worked 8000 Machine hour rate Rs. 4 Office overhead \( 10 \% \) of work cost Selling overhead Rs. 1.50 per unit Units produced 4000 Units sold 3600 at Rs. 50 each [1]
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Step 1
First, we calculate the prime cost which is the sum of raw materials consumed and direct wages. So, Prime Cost = Raw materials consumed + Direct wages = Rs. 80,000 + Rs. 48,000 = Rs. 128,000. Show more…
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