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

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

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