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QUESTION

The following data relate to the manufacture of a standard product during a four week period ending June 30, 2013:

The following data relate to the manufacture of a standard product during a four week period ending June 30, 2013:

Rs

Raw materials consumed

4000

Wages

6000

Machine hours worked

1000

Machine hour rate

0.50

Office overhead @ 20% on works cost

Selling overhead per unit

0.06

Units produced

20000

Units sold (at Re 1 per unit )

18000

Kindly help in preparing a cost sheet showing the cost per unit and profit for the period

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