Question: This is complete question, i share data and also its screenshot too Mr.Fahim furnishes the following data relating to the manufacture of a standard product
This is complete question, i share data and also its screenshot too
Mr.Fahim furnishes the following data relating to the manufacture of a standard product during the month of April 2020.
| Raw materials consumed OMR 287000 |
| Direct labour charges OMR 65400 |
| Machine hour worked 18500 |
| Machine hour rate OMR 3.2 |
| Administrative overheads 30% on works cost |
| Selling and distribution expenses OMR 0.60 per unit |
| Units Produced 18500 Units |
| Units Sold 16000 at OMR 70.5 per unit |
You are required to prepare a cost sheet from the above, showing:
(a)The cost of production per unit.
(b) Profit per unit sold and
(c) Profit for the period.

Q1 Mr.Fahim furnishes the following data relating to the manufacture of a standard product during the month of April 2020. Raw materials consumed OMR 287000 Direct labour charges OMR 65400 Machine hour worked 18500 Machine hour rate OMR 3.2 Administrative overheads 30% on works cost Selling and distribution expenses OMR 0.60 per unit Units Produced 18500 Units Units Sold 16000 at OMR 70.5 per unit You are required to prepare a cost sheet from the above, showing: (a)The cost of production per unit. (b) Profit per unit sold and (c) Profit for the period
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
