From the following data, calculate Prime Cost: The Raw material consumed is ₹ 20,00,000, Opening stock of finished goods ₹ 1,00,000, closing stock of finished goods ₹ 1,40,000. Direct Labour ₹ 12,00,000 and Indirect labo
CS Executive · Corporate and Management Accounting · PYQS · June 2023
From the following data, calculate Prime Cost: The Raw material consumed is ₹ 20,00,000, Opening stock of finished goods ₹ 1,00,000, closing stock of finished goods ₹ 1,40,000. Direct Labour ₹ 12,00,000 and Indirect labour is ₹ 4,00,000.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Cost Accounting
Related Questions in this Topic
- A company has fixed expenses of ₹ 1,80,000 with sales at ₹ 6,00,000 and a profit of ₹ 1,20,000. Calculate margin of safe...
- On the basis of Q. No. 92, you are required to calculate profit earned when sales are ₹ 3,50,000.
- On the basis of Q. No. 92, you are required to calculate required sales for a profit of ₹ 1,25,000
- On the basis of Q. No. 92, you are required to calculate Break-Even-Sales.
- The total cost and profit during two periods were as follow: Period 1 Period 2 Total Cost ₹ 4,50,000 ₹ 6,5...