process accounting

Project Description:

the following information relates to a manufacturing process for a period
material costs ($) 16,445
labour and overhead costs ($) 28,596

10,000 units of output were produced by the process in the period, of which 420 failed testing and were scrapped. scrapped units normally represent 5% of total production output. testing takes place when production units are 60% complete in terms of labour and overheads. materials and overheads. materials are input at the beginning of the process. all scrapped units were sold in the period for $0.40 per unit.
required
prepare the process accounts for the period including those process scrap and abnormal losses/gains
Skills Required:
Project Stats:

Price Type: Negotiable

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