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find the amount of material consumed from the following information. total cost of production is rupees 500 ,work cost is 80% of cost of production ,work oncost is 150% office oncost. material consumed in 25% of wages?
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?find the amount of material consumed from the following information. ...
Calculation of Material Consumed


Given Information:


  • Total cost of production = Rs. 500

  • Work cost = 80% of cost of production

  • Work oncost = 150% of office oncost

  • Material consumed = 25% of wages



Calculation:


  1. Calculate work cost

    Work cost = 80% of cost of production = 0.8 x Rs. 500 = Rs. 400


  2. Calculate office oncost

    Let the office oncost be x

    Then, work oncost = 150% of office oncost = 1.5x

    Total oncost = work oncost + office oncost = x + 1.5x = 2.5x

    Total cost of production = work cost + total oncost = Rs. 500

    Therefore, x + 1.5x + 400 = 500

    2.5x = 100

    x = 40

    Hence, office oncost = Rs. 40


  3. Calculate wages

    Let the wages be y

    Then, material consumed = 25% of wages = 0.25y


  4. Calculate material consumed

    Total cost of production = work cost + total oncost

    Rs. 500 = Rs. 400 + Rs. 40 + wages + material consumed

    wages + material consumed = Rs. 60

    y + 0.25y = Rs. 60

    1.25y = Rs. 60

    y = Rs. 48

    Hence, material consumed = 25% of wages = 0.25 x Rs. 48 = Rs. 12



Conclusion:

Therefore, the amount of material consumed is Rs. 12.
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?find the amount of material consumed from the following information. ...
50 is the correct answer
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