A factory follows job costing. The following cost data are obtained from its books for the year ending 31 March 2010.
|
Direct materials |
45,000 |
|
Direct wages |
37,500 |
|
Profit |
30,450 |
|
Selling and distribution overheads |
26,250 |
|
Administration overheads |
21,000 |
|
Factory overheads |
22,500 |
Prepare a cost sheet and find out overhead recovery rates and percentage of profit on sales.