Works on cost, 50% of wages; office on cost, 20% on works cost; selling on cost, 10% of works cost;…


Question Description:

25

Works on cost, 50% of wages; office on cost, 20% on works cost; selling on cost, 10% of works cost;… 1 answer below ยป The following data relate to the manufacture of a standard product during the month of March 2010: Raw materials: Opening stock 30,000 Purchases 70,000 Closing stock 20,000 Wages 1,20,000 Works on cost, 50% of wages; office on cost, 20% on works cost; selling on cost, 10% of works cost; profit, 20% on sales; and number of units produced, 10,000. Prepare a statement showing the total cost and profit. Jun 11 2014 04:13 PM

Answer

25