Hind Private Ltd. manufactures four sizes of the product `Modern Model‘ called A, B, C, and D in the Department. The workers are paid the piece rate of Re. 1.00, Rs.1.50, Rs.2.00, Rs.3.00 per unit of the product sizes A, B, C and D respectively. Dearness allowance paid to the workers is 4.00 per day. Miscellaneous payments are 20% of the basic wages. From the following information for the month of January, you are required to find the total cost per unit of each size of the product `Modern Model‘:
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Product |
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|
Size A |
Size B |
Size C |
Size D |
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|
Direct Labour (Days) |
104 |
78 |
52 |
52 |
|
|
Production (Units) Direct Material ( ) |
320 |
150 |
70 |
55 |
|
|
Overhead Expenses: |
250 |
150 |
100 |
125 |
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|
Rs |
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Indirect Material |
500 |
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|
Indirect Labour |
572 |
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|
Indirect Expenses |
429 |
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