From the following data relating to the manufacture of a standard product during the month of September, prepare a statement showing the cost and profit unit.
|
Raw materials used |
40,000 |
|
Direct wages |
24,000 |
|
Man hours worked |
9,500 hours |
|
Man hour rate |
Rs. 4 per hour |
|
Office overheads |
20% on works cost |
|
Selling overheads |
Re 1. per unit |
|
Units produced |
20,000 units |
|
Units sold |
18,000 @ Rs. 10 per unit |