The following information is obtained from the books of account of manufacturing concern for the month...

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The following information is obtained from the books of account of manufacturing concern for the month of March 2006: Raw materials (1-3-2006) Raw materials (31-3-2006) Raw materials purchased Work in progress (1-3-2006) Finished goods (1-3-2006) Work in progress (31-3-2006) Finished goods (31-3-2006) Direct wages: 1,500 hours @ Tk. 2.00 Direct expenses Factory supplies Indirect labour (factory) Miscellaneous works expenses Administrative expenses: Fixed Variable 10% of prime cost Selling expenses: Fixed per hour Tk. 7,500 Tk. 3,500 Tk. 29,000 Tk. 5,300 Tk. 15,600 Tk. 7,400 Tk. 4,600 Tk. 6,500 Tk. 4,000 Tk. 8,200 Tk. 7,200 Tk. 4,000 Tk. 2,500 Variable 5% of cost of goods sold Profit 15% of sales Prepare a statement showing the following: (a) Prime cost (b) Works cost (e) Cost of goods manufactured (d) Total cost (e) Sales. The following information is obtained from the books of account of manufacturing concern for the month of March 2006: Raw materials (1-3-2006) Raw materials (31-3-2006) Raw materials purchased Work in progress (1-3-2006) Finished goods (1-3-2006) Work in progress (31-3-2006) Finished goods (31-3-2006) Direct wages: 1,500 hours @ Tk. 2.00 Direct expenses Factory supplies Indirect labour (factory) Miscellaneous works expenses Administrative expenses: Fixed Variable 10% of prime cost Selling expenses: Fixed per hour Tk. 7,500 Tk. 3,500 Tk. 29,000 Tk. 5,300 Tk. 15,600 Tk. 7,400 Tk. 4,600 Tk. 6,500 Tk. 4,000 Tk. 8,200 Tk. 7,200 Tk. 4,000 Tk. 2,500 Variable 5% of cost of goods sold Profit 15% of sales Prepare a statement showing the following: (a) Prime cost (b) Works cost (e) Cost of goods manufactured (d) Total cost (e) Sales.

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