Instruction: Answer ALL the questions given below: Question 1 The following data relate to the manufacture...

 

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Instruction: Answer ALL the questions given below: Question 1 The following data relate to the manufacture of product during the month of April 2021. Raw materials purchased Sale of raw material scrap Direct wages Machine hours worked Machine hour rate Non-productive wages Administrative overheads Selling Overheads Units produced and sold Selling price per unit OMR 58,000 OMR 18,000 OMR 34,000 14000 OMR 2.5 OMR 12,000 5% of works cost OMR 0.75 per unit 13,000 OMR 50 I Prepare a Cost sheet and ascertain (1) Cost of raw materials used (ii) Prime cost(iii) Factory overheads(iv)Factory cost(v)Cost of Production(vi) Cost of sales (vii) Profit and (viii)Sales. (4 marks) Instruction: Answer ALL the questions given below: Question 1 The following data relate to the manufacture of product during the month of April 2021. Raw materials purchased Sale of raw material scrap Direct wages Machine hours worked Machine hour rate Non-productive wages Administrative overheads Selling Overheads Units produced and sold Selling price per unit OMR 58,000 OMR 18,000 OMR 34,000 14000 OMR 2.5 OMR 12,000 5% of works cost OMR 0.75 per unit 13,000 OMR 50 I Prepare a Cost sheet and ascertain (1) Cost of raw materials used (ii) Prime cost(iii) Factory overheads(iv)Factory cost(v)Cost of Production(vi) Cost of sales (vii) Profit and (viii)Sales. (4 marks)

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