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Please 100% correct within few minutes or else skip 41 General expenses From the cost ledger of B.K. Industries the following information was obtained for the year, 2011 : Rs. Rs. Rates and taxes for factory premises 2,800 Repairs and maintenance (plant) 20,000 Lighting of the factory 5,200 Cost of rectification of defective work 5,600 Depreciation (plant) 7,000 Consumable stores 15,000 Staff salaries 24,000 Selling expenses 14,660 Management salaries 12,000 9,200 Power 9,000 Receipt from the sale of scrap 2,400 24,500 Profit from guest house 1,000 Production was 1,00,000 units and the prime cost per unit was: materials Rs. 1-80 and wages Rs. 1.20. The net selling price was Rs. 4.70 per unit. All the units were sold. As from 1st January, 2012, the selling price was reduced to Rs. 4.50 per unit. It was estimated that production could be increased in 2012 by 50 per cent without incurring any overtime or extra shift working. Prepare statements showing : (i) Different elements of cost for 2011 ; and (ii) Estimated cost and profit for 2012, assuming that 1,50,000 units will be produced and sold in the year. Assumptions made to solve the problem should be stated. Indirect wages