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Materials Rs 40,000, labour Rs 9,000, variable overheads Rs 3,000, fixed overheads Rs 4,000. Cost of goods?

ARs 49,000
BRs 52,000
CRs 56,000
DRs 60,000
Answer & Solution
Correct answer: C. Rs 56,000
Cost is 40,000 + 9,000 + 3,000 + 4,000 = 56,000, since conversion costs include both overhead types.
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