MANAGEMENT ACCOUNTING Contents Solution 1: Statement of Cost

MANAGEMENT ACCOUNTING Contents Solution 1: 3 Solution 2: 4 Solution 3: 5 Solution 4: 7 Solution 5: 9 Bibliography 11 Solution 1: Statement of Cost- Traditional Approach Particulars Basic Model Advance Model Units produced and sold 1,600 1,500 Direct Material cost per unit 325 560 Direct Labour cost per unit 150 260 Total Material Cost 5,20,000 8,40,000 Total Labour cost 2,40,000 3,90,000 Total Allocated Overhead cost 1,43,750 1,06,250 Total Cost 9,03,750 13,36,250 Cost Price Per unit