To produce 1,000 units of a product JK Ltd., spend ₹50,000 on direct material and ₹40,000 on direct labour. Factory overhead was charged at the rate of 10% on prime cost amounted to ₹12,000. The amount of direct expenses
CS Executive · Cost and Management Accounting · PYQS · December 2017
To produce 1,000 units of a product JK Ltd., spend ₹50,000 on direct material and ₹40,000 on direct labour. Factory overhead was charged at the rate of 10% on prime cost amounted to ₹12,000. The amount of direct expenses was: (A) ₹9,000 (B) ₹24,000 (C) ₹30,000 (D) ₹36,000
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Cost Sheet
Related Questions in this Topic
- 77. Calculate cost of sales from the following information: Net Works cost : ₹3,00,000 Office & Administration Overh...
- 26. If the sales value of a product is ₹1,99,200 and the profit margin on cost 25%, the amount of profit will be :
- 22. The production cost incurred for one unit of finished goods was ₹45. Direct materials were 1/3 of the total cost, an...
- The following details are given to you: Raw Material Consumed ? Direct Labour Cost ? Factory Overhead ₹1,...
- Which of the following items is not included in cost sheet ?