Particulars Raw materials used Process- I Process- II 7,500 units Raw materials cost per unit 760 Transfer to next process/finished 7,050 units 6,525 units stock Normal loss (on inputs) Direct wages 5% 1,35,750 10% 1,29,250 Direct Expenses 60% of Direct wages 65% of Direct wages Manufacturing overheads 20% of Direct wages 15% of Direct wages Realisable value of scrap per unit 12.50 37.50 6,000 units of finished goods were sold at a profit of 15% on cost. Assume that there was no opening or closing stock of work-in-process. RST Limited processes Product Z through two distinct processes - Process- I and Process- II. On completion, it is transferred to finished stock. From the following information for the current year, PREPARE Process- I, Process- II and Finished Stock A/c:
Particulars Raw materials used Process- I Process- II 7,500 units Raw materials cost per unit 760 Transfer to next process/finished 7,050 units 6,525 units stock Normal loss (on inputs) Direct wages 5% 1,35,750 10% 1,29,250 Direct Expenses 60% of Direct wages 65% of Direct wages Manufacturing overheads 20% of Direct wages 15% of Direct wages Realisable value of scrap per unit 12.50 37.50 6,000 units of finished goods were sold at a profit of 15% on cost. Assume that there was no opening or closing stock of work-in-process. RST Limited processes Product Z through two distinct processes - Process- I and Process- II. On completion, it is transferred to finished stock. From the following information for the current year, PREPARE Process- I, Process- II and Finished Stock A/c:
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Transcribed Image Text:Particulars
Raw materials used
Process- I
Process- II
7,500 units
Raw materials cost per unit
760
Transfer to next process/finished
7,050 units
6,525 units
stock
Normal loss (on inputs)
Direct wages
5%
1,35,750
10%
1,29,250
Direct Expenses
60% of Direct wages
65% of Direct wages
Manufacturing overheads
20% of Direct wages
15% of Direct wages
Realisable value of scrap per unit
12.50
37.50
6,000 units of finished goods were sold at a profit of 15% on cost. Assume that there
was no opening or closing stock of work-in-process.
Transcribed Image Text:RST Limited processes Product Z through two distinct processes - Process- I and Process-
II. On completion, it is transferred to finished stock. From the following information for the
current year, PREPARE Process- I, Process- II and Finished Stock A/c:
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