A product passes through three procedures A, B, C .The Normal Wastage of each process is as follows: Process A 5%,Process B 6% and Process C 7%.Wastage of Process A was sold at $1 per unit; that of process B at 1.50 per unit; Process c at $2 per unit.15,000 units were issued to Process A in the beginning of January2017 at a cost of $2.50 per unit. The other expenses were as follows: Actual output was: Process A 13250 Units Process B 13000UnitsProcess C 11250UnitsRequired: Prepare Process Account A, B & C
A product passes through three procedures A, B, C .The Normal Wastage of each process is as follows: Process A 5%,Process B 6% and Process C 7%.Wastage of Process A was sold at $1 per unit; that of process B at 1.50 per unit; Process c at $2 per unit.15,000 units were issued to Process A in the beginning of January2017 at a cost of $2.50 per unit. The other expenses were as follows: Actual output was: Process A 13250 Units Process B 13000UnitsProcess C 11250UnitsRequired: Prepare Process Account A, B & C
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A product passes through three procedures A, B, C .The Normal Wastage of each process is as follows: Process A 5%,Process B 6% and Process C 7%.Wastage of Process A was sold at $1 per unit; that of process B at 1.50 per unit; Process c at $2 per unit.15,000 units were issued to Process A in the beginning of January2017 at a cost of $2.50 per unit. The other expenses were as follows: Actual output was: Process A 13250 Units Process B 13000UnitsProcess C 11250UnitsRequired: Prepare Process Account A, B & C
Transcribed Image Text:Process A
Process B
Process C
Labor
5000
6000
7500
Direct Expenses
2500
1050
1000
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