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Don't answer if you don't know and within 10 minutes Production cost of VSK Ltd. a manufacturing company, for the year ending 31st March, 2012, are as follows: Rs. Direct wages 60,000 Direct materials 1,00,000 Drawing office salaries and expenses 2,000 Salary of general manager 16,000 Advertising display material 8,000 Wages of dispatch department 11,000 Salaries and expenses of directors 22,000 Travellers' salaries 13,000 Depreciation of delivery vans 7,000 Chargeable expenses 4,000 Office overhead (5% of works cost) Sales office expenses 9,000 Salary of sales manager 14,000 Rent and rates of warehouses 3,000 Catalogues and price lists 6,000 Rent and rates of showrooms Production overheads (10% of prime cost) Draw up a cost statement from the above bearing in mind that goods are sold at a profit of 20% on selling price. 5,000