The rate of costing profit is 10% on Cost. The Cost of Production is Rs.2,50,000/- and Selling and…
Cost of sales equals cost of production plus selling and distribution overhead: Rs. 2,50,000 + Rs. 25,000 = Rs. 2,75,000. Costing profit at 10% of this cost is Rs. 27,500.
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The rate of costing profit is 10% on Cost. The Cost of Production is Rs.2,50,000/- and Selling and Distribution Overhead is Rs.25,000/- , then the Costing Profit is
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Correct answer B
Cost of sales equals cost of production plus selling and distribution overhead: Rs. 2,50,000 + Rs. 25,000 = Rs. 2,75,000. Costing profit at 10% of this cost is Rs. 27,500.
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Kerala SET (LBS Centre)