(Solved):Q: Following are th…

 

Question

Question
 
  1. Following are the details of Abbass Industries for the period ended June 30, 2020. Company establish standard on its normal capacity of 120,000 units/hours in a year:

Direct Material                       600,000 kgs at Rs. 9 per kg

                        Direct Labor                          4 hours per unit at Rs. 6 per hour

                        Factory overhead:

                                    Fixed cost                  Rs. 240,000 per year or Rs. 20,000 per month.

                                    Variable Cost

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