The following data are related to the manufacture of a standard product during the month of April 1984:
|
Raw material |
Rs 80,000 |
|
Direct wages |
Rs 48,000 |
|
Machine hours worked |
8,000 hours |
|
Machine hour rate |
Rs 4 |
|
Administration overheads |
10% of works cost |
|
Selling overheads |
Rs 1.50 per unit |
|
Units produced |
4,000 |
|
Units sold |
3,000 |
|
Selling price |
Rs 50 per unit |
You are required to prepare a cost sheet with respect to the preceding data showing (a) cost per unit and (b) profit for the month.