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.

This is complete question, i share data and also its screenshot too

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

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