Following data are taken from the cost records of a manufacturing concern: ₹ Material consumed 6000 Wages paid 9000 Selling overheads 1500 Works on cost was 50% of wages. If the sales and profit respectively ₹ 25,000 and
CS Executive · Corporate and Management Accounting · PYQS · December 2023
Following data are taken from the cost records of a manufacturing concern: ₹ Material consumed 6000 Wages paid 9000 Selling overheads 1500 Works on cost was 50% of wages. If the sales and profit respectively ₹ 25,000 and ₹ 2,575, the rate of administrative overhead on works cost is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Management Accounting
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