In respect of a factory the following figures have been obtained for the year 2018: Cost...
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In respect of a factory the following figures have been obtained for the year 2018: Cost of material RM600,000; direct wages RM500,000; factory overheads RM300,000; administration overheads RM336,000; selling overheads RM224,000; distribution overheads RM140,000 and profit on total cost @ 25%. Find out total value of sales. In respect of a factory the following figures have been obtained for the year 2018: Cost of material RM600,000; direct wages RM500,000; factory overheads RM300,000; administration overheads RM336,000; selling overheads RM224,000; distribution overheads RM140,000 and profit on total cost @ 25%. Find out total value of sales.
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Step 1 Notes 1 Calculation of sales when profit is 20 of sales Let sales be X therefore pro... View the full answer
Related Book For
International Financial Reporting and Analysis
ISBN: 978-1408075012
5th edition
Authors: David Alexander, Anne Britton, Ann Jorissen
Posted Date:
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