Question

Calculate Prime Cost, Factory Cost, Cost of Production, Cost of sales and Profit from the following...

Calculate Prime Cost, Factory Cost, Cost of Production, Cost of sales and Profit from the following details:

Direct Material

SR 8,000

Direct Labor

SR 4,000

Freight charges

SR 3,000

Factory Expenses

SR 2,500

Administrative Expenses

SR 1,500

Selling Expenses

SR 2,500

Sales

SR 25,000
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