Calculate cost of production from the following information: -

Raw material purchased = Ro 42,500

Freight paid = Ro 5,000

Labour charges = Ro 12,500

Direct expenses = Ro 10,000

Factory overhead 80% of direct labour charges

Administrative overhead = 10% of work cost

                                 Opening stock             Closing stock

Raw material                    8,000                         10,000

Work in progress             7,500                           9,000

 

Answer rating: 100% (QA)

Cost Sheet Opening stock of Raw Materials 8000 Add Purchase... View the full answer