From the following particulars of a manufacturing firm, prepare a statement showing: (a) Cost of materials consumed
Question:
From the following particulars of a manufacturing firm, prepare a statement showing:
(a) Cost of materials consumed
(b) Works cost
(c) Cost of production
(d) Percentage of works overhead to productive wages
(e) Percentage of general overhead to works cost
Transcribed Image Text:
Stock of materials on January 1, 2002 Purchase of raw materials in January 2002 Stock of finished goods on 1.1.2002 Productive wages Finished goods sold Works overhead charges Office and general expenses Stock of materials on 31.1.2002 Stock of finished goods on 31.1.2002 Rs. 40,000 11,00,000 50,000 5,00,000 24,00,000 1,50,000 1,00,000 1,40,000 60,000
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