Preparation of Process Accounts (With process losses and no WIP) Practice Problem 4 Product X in a manufacturing unit passes through three processes- Process A, Process B and Process C. The expenses incurred in the three processes during the year 2007 were as under. Particulars Process A Process B Process C Units of input issued 8500 Details RO RO RO Cost per unit Materials 150 28500 25000 18500 Direct Labor 12000 23000 23110 Direct Expenses 2250 17200 8100 The normal losses and scrap value are as under Particulars Actual Output Normal Process Scrap Value RO Loss Process : A 8075 5 % 2 per unit Process : B 7200 10% 1.5 per unit Process : C 7050 2.5% 1.2 per unit

Preparation of Process Accounts (With process losses and no WIP) Practice Problem 4 Product X in a manufacturing unit passes through three processes- Process A, Process B and Process C. The expenses incurred in the three processes during the year 2007 were as under. Particulars Process A Process B Process C Units of input issued 8500 Details RO RO RO Cost per unit Materials 150 28500 25000 18500 Direct Labor 12000 23000 23110 Direct Expenses 2250 17200 8100 The normal losses and scrap value are as under Particulars Actual Output Normal Process Scrap Value RO Loss Process : A 8075 5 % 2 per unit Process : B 7200 10% 1.5 per unit Process : C 7050 2.5% 1.2 per unit

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Description: Preparation of Process Accounts(With process losses and no WIP)Practice Problem 4Product X in a manufacturing unit passes through three processes- Process A, Process Band Process C. The expenses incurred in the three processes during the year 2007 w

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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