From the understated particulars, you are required to prepare a monthly cost sheet of Soap Manufacturers Ltd.
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From the understated particulars, you are required to prepare a monthly cost sheet of Soap Manufacturers Ltd. showing therein:
(i) Prime cost;
(ii) Works cost;
(iii) Cost of production;
(iv) Cost of sales; and
(v) Profit per unit.
Transcribed Image Text:
Opening Inventory (1-1-2008): Raw materials Work-in-progress Finished goods (1,000 units) Closing Inventory (31-1-2008): Raw materials Work-in-progress Finished goods Donations to home for destitutes Raw-materials purchased Import duty on raw materials purchased Productive wages Machine hours worked Machine hour rate Chargeable expenses Office and Administration expenses Selling expenses Units sold Units produced Profit on sale Rs. 6,000 9,620 13,680 7,000 8,020 ? 2,100 72,000 14,400 18,000 21,600 hours Rs. 1.50 Rs. 2,000 Re. 1 per unit Re. 0.90 per unit 8,000 units 8,200 units 10%
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