Question:
Calculate prime cost, factory cost, cost of production, cost of sales and profit from the following data:
|
|
|
Direct materials
|
16,000
|
|
Direct labour
|
4,000
|
|
Direct expenses
|
1,500
|
|
Factory expenses
|
4,500
|
|
Administrative expenses
|
4,000
|
|
Selling expenses
|
500
|
|
Sales
|
35,500
|