Determine the unit selling price if 150% profit is required by the company. The company manufactured...
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Determine the unit selling price if 150% profit is required by the company. The company manufactured 70000 units in this quarter. You are given with the following data: (All the values are in Indian rupees-INR) Opening stock of raw materials - 30000 Closing stock of raw materials - 15000 Opening stock of work in progress-50000 Closing stock of work in progress - 37000 Raw material purchased - 315000 Raw materials returned- 15000 Wages paid to the machinists - 150000 Fire Insurance premium for the factory - 25000 Depreciation on the plant and machinery in the factory - 27000 Sale of scrap - 13000 Depreciation on the delivery vans - 24000 Rent for the factory building - 15000 Office Telephone charge - 25000 Salary paid to the office staff-350000 Salesmen commission - 45000 Advertisement expenses - 80000 Find the prime cost, factory cost, cost of production, cost of goods sold, and total cost Determine the unit selling price if 150% profit is required by the company. The company manufactured 70000 units in this quarter. You are given with the following data: (All the values are in Indian rupees-INR) Opening stock of raw materials - 30000 Closing stock of raw materials - 15000 Opening stock of work in progress-50000 Closing stock of work in progress - 37000 Raw material purchased - 315000 Raw materials returned- 15000 Wages paid to the machinists - 150000 Fire Insurance premium for the factory - 25000 Depreciation on the plant and machinery in the factory - 27000 Sale of scrap - 13000 Depreciation on the delivery vans - 24000 Rent for the factory building - 15000 Office Telephone charge - 25000 Salary paid to the office staff-350000 Salesmen commission - 45000 Advertisement expenses - 80000 Find the prime cost, factory cost, cost of production, cost of goods sold, and total cost
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Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
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