From the following figures, you are required to prepare cost and profit statements for the months of November and December 2009 under marginal-costing and absorption-costing methods:
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from the following figures you are required to prepare cost and profit statements fo 608750
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50,000 units |
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Selling price: |
Rs. 6.25 each |
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November 2009: |
120% of normal capacity production; Sales 40,000 units |
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December 2009: |
84% of normal capacity production; Sales 60,000 units. |
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Manufacturing cost: |
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Direct materials: |
Re 1 per unit |
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Direct labour: |
Re 1.50 per unit |
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Manufacturing overhead: |
Rs. 70,000 (of which, Rs. 25,000 are variable) |
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Selling expenses: |
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Commission: |
Re 0.25 per Unit |
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Fixed selling expenses: |
Rs. 12,500 |
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Administrative expenses: |
Rs. 10,000 |
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Research & Development expenses: |
Rs. 2,000 |
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