from the following figures you are required to prepare cost and profit statements fo 608750

Normal sales:

50,000 units

Selling price:

Rs. 6.25 each

November 2009:

120% of normal capacity production; Sales 40,000 units

December 2009:

84% of normal capacity production; Sales 60,000 units.

Manufacturing cost:

Direct materials:

Re 1 per unit

Direct labour:

Re 1.50 per unit

Manufacturing overhead:

Rs. 70,000 (of which, Rs. 25,000 are variable)

Selling expenses:

Commission:

Re 0.25 per Unit

Fixed selling expenses:

Rs. 12,500

Administrative expenses:

Rs. 10,000

Research & Development expenses:

Rs. 2,000