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Erample 1The following information relates to Swimming Cap manufacturing company for the 3months ending 31st March, 2014.Direct materials consumed28,000Direct labour paid22,000Direct expenses5,000Factory overheads5,000Administrative overheads4,000Selling and distribution overheads6,0001,000 units of Swimming caps are produced during the period and all the units producedare sold at 100 per unit.Prepare a cost sheet showing (a) Prime cost (b) Factory cost, (c) Cost of production (d)Cost of sales (e) Profit or loss. |
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Answer» ................................ THANKS ................................ thanks |
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