Question:
A factory follows job costing. The following cost data are obtained from its books for the year ending 31 March 2010.
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|
|
Direct materials
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45,000
|
|
Direct wages
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37,500
|
|
Profit
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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.