Calculate (a) prime cost, (b) factory cost, (c) cost of production, (d) cost of sales and (e) profit from the following particulars:
|
Rs |
|
|
Direct materials |
1,00,000 |
|
Direct wages |
25,000 |
|
Direct expenses |
5,000 |
|
Wages of foremen |
2,500 |
|
Electric power |
500 |
|
Lighting: |
|
|
Factory |
1,500 |
|
Office |
500 |
|
Rent: |
|
|
Factory |
5,000 |
|
Office |
500 |
|
Salaries to salespeople |
1,250 |
|
Advertising |
1,250 |
|
Income tax |
10,000 |
|
Sales |
1,89,500 |