There was no stock or work-in-progress either at the beginning or at the end of the period.

[Model: Simple cost sheet]

A factory produces a standard product. The following information is given to you, from which you are required to prepare a cost sheet for January 2010:

Raw materials consumed

1,82,000

Direct wages

58,000

Other direct expenses

22,000

Factory overheads: 80% of direct wages

Office overheads: 10% of works cost

Selling and distribution expenses: Rs. 4 per unit sold.

Units produced and sold during the month: 10,000

Also find the selling price per unit so that profit mark-up is uniformly made to yield a profit of 20% of the selling price. There was no stock or work-in-progress either at the beginning or at the end of the period.