The product of a manufacturing concern passes through two processes A and then to finished stock. It is ascertained that in each process normally 5% of the total weight is lo 10% is scrap which from Processes A and B realizes Rs. 80 per ton and Rs. 200 per ton respective The following are the figures relating to both the processes : The following are the figures relating to both the processes: Process A 1,000 125 Process B 70 Materials in tons Cost of materials per ton in rupees Wages in rupees Manufacturing expenses in rupees Output in tons 200 28,000 8,000 830 10,000 5,250 780 Prepare Process Cost Accounts showing cost per ton of each process. There was no stock or w in-progress in any process.

The product of a manufacturing concern passes through two processes A and then to finished stock. It is ascertained that in each process normally 5% of the total weight is lo 10% is scrap which from Processes A and B realizes Rs. 80 per ton and Rs. 200 per ton respective The following are the figures relating to both the processes : The following are the figures relating to both the processes: Process A 1,000 125 Process B 70 Materials in tons Cost of materials per ton in rupees Wages in rupees Manufacturing expenses in rupees Output in tons 200 28,000 8,000 830 10,000 5,250 780 Prepare Process Cost Accounts showing cost per ton of each process. There was no stock or w in-progress in any process.

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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