Secondary packing materials is treated as
A direct expenses
B factory overhead
C selling overhead
D distribution overhead
Which of the following is an item of overhead ?
A. audit fees
B. bad debts
C. discount allowed
D. delivery van expenses
From the following particulars you are required to prepare a statement showing the total cost of production and cost per unit produced.
Stock on 1.1.2014 : Raw materials ~ 28,000; Work-in-progress ~ 15,200; Stock on 31.12.2014 : Raw materials ~ 36,800; Work-in-progress ~ 11,640;
Raw materials purchases ~ 88,000; Carriage on the purchase of raw materials ~ 3,120; Direct wages ~ 30,000; Manufacturing expenses ~ 14,800; No. of units produced in the year 180.