The following data have been extracted from the books of M/s Moonshine Industries for the calendar year

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The following data have been extracted from the books of M/s Moonshine Industries for the calendar year 2002.

The Managing Directors remuneration is to be allocated as Rs. 40,00,000 to the factory, Rs. 20,00,000 to the office and Rs. 60,00,000 to the selling departments. From the above information prepare

(a) Prime cost

(b) Works cost

(c) Cost of production

(d) Cost of sales and

(e) Net profit

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Related Book For  answer-question

Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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