Question: with full steps please Exercise 1 The following data relate to Socks Company for the year ended 318 December 2018: Cost of Production: Direct Materials:

with full steps please

Exercise 1 The following data relate to Socks Company for the year ended 318 December 2018: Cost of Production: Direct Materials: (Variable) RO. 3,60,000; Direct Labour: (Variable) RO. 5,04,000. Manufacturing Overhead: Variable RO. 1,80,000; Fixed RO. 3,60,000 Sales Commission (Variable) RO. 1,08,000: Sales Salaries (Fixed) RO. 72,000 Administrative Expenses (Fixed) RO. 1,44,000 Units Produced 1,50,000; Units Sold (@RO. 18) 1,20,000 produced = 150,000 169 Exercise 1 The following data relate to Socks Company for the year ended 318 December 2018: Cost of Production: Direct Materials: (Variable) RO. 3,60,000; Direct Labour: (Variable) RO. 5,04,000. Manufacturing Overhead: Variable RO. 1,80,000; Fixed RO. 3,60,000 Sales Commission (Variable) RO. 1,08,000: Sales Salaries (Fixed) RO. 72,000 Administrative Expenses (Fixed) RO. 1,44,000 Units Produced 1,50,000; Units Sold (@RO. 18) 1,20,000 produced = 150,000 169

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