Prepare a cost sheet indicating the prime cost, works cost, production cost, cost of sales and sales…


Question Description:

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The following cost data are available for a firm from its books for the year ending on 31 December 1995: Rs Direct material 9,00,000 Direct wages 7,50,000 Profit 6,09,000 Selling and distribution overheads 5,25,000 Administrative overheads 4,20,000 Factory overheads 4,50,000 Prepare a cost sheet indicating the prime cost, works cost, production cost, cost of sales and sales value.

Answer

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