R makes one product, which passes through a single process. Details of the proce account for period 1 were as follows: Material cost - 20,000 kg P26,000 Labour cost P12,000 Production overhead cost P5,700 Output 18,800 kg Normal losses 5% of input There was no work-in-progress at the beginning or end of the period. Process losses have no value. The cost of the abnormal loss (to the nearest P) is

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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R makes one product, which passes through a single process. Details of the process
account for period 1 were as follows:
Material cost - 20,000 kg P26,000
Labour cost P12,000
Production overhead cost P5,700
Output 18,800 kg
Normal losses 5% of input
There was no work-in-progress at the beginning or end of the period. Process losses
have no value.
The cost of the abnormal loss (to the nearest P) is
Transcribed Image Text:R makes one product, which passes through a single process. Details of the process account for period 1 were as follows: Material cost - 20,000 kg P26,000 Labour cost P12,000 Production overhead cost P5,700 Output 18,800 kg Normal losses 5% of input There was no work-in-progress at the beginning or end of the period. Process losses have no value. The cost of the abnormal loss (to the nearest P) is
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