The following data are related to the manufacture of a standard product during the month of January 2010:
|
Raw materials |
4,00,000 |
|
Direct wages |
2,40,000 |
|
Machine hours worked |
8,000 hours |
|
Machine hour rate |
Rs. 20 |
|
Administration overheads |
10% of works cost |
|
Selling overheads |
Rs. 7.50 per unit |
|
Units produced |
4,000 |
|
Units sold |
3,600 @ Rs. 250 each |
You are required to prepare a cost sheet in respect of the above showing (a) cost per unit and (b) profit for the month.