Also find the selling price per unit assuming that profit margin is uniformly made to yield a profit…

Model: Computation of selling price

From the following information, you are required to prepare a cost sheet for the year

Consumable materials:

Opening stock

15,000

Purchases

1,15,000

Closing stock

20,000

Direct wages

30,000

Other direct expenses

15,000

Factory overheads

100% of direct wages

Office overheads

10% of works cost

Selling and distribution expenses

Rs. 3 per unit sold

Units of finished products

In hand at the beginning of the period: (Value: Rs. 26,500)

2,000

Produced during the period

20,000

In hand at the end of the period

3,000

Also find the selling price per unit assuming that profit margin is uniformly made to yield a profit of 20% on selling price.