A chemical factory manufactures a chemical product which passes through three processes. The products of these...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A chemical factory manufactures a chemical product which passes through three processes. The products of these processes are dealt with as under : Process B Process C 60% Process A 662% 33-1-% Transfer to next process Transfer to warehouse for sale 40% 100% In each process 4% of the total weight put in is lost and 6% is scrapped which realises from Process A Rs. 6 per ton, from Process B Rs. 10 per ton and from Process C Rs. 12 per ton. The following information is available to you for the month of March, 2012: Raw materials used : Process A Tons Cost per ton Manufacturing wages and expenses You are required to prepare accounts showing cost per ton of each process. 1,400 Rs. 20 Rs. 10,304 Process B 160 32 Rs. Rs. 6,280 Process C 1,260 Rs. 14 Rs. 5,790 A chemical factory manufactures a chemical product which passes through three processes. The products of these processes are dealt with as under : Process B Process C 60% Process A 662% 33-1-% Transfer to next process Transfer to warehouse for sale 40% 100% In each process 4% of the total weight put in is lost and 6% is scrapped which realises from Process A Rs. 6 per ton, from Process B Rs. 10 per ton and from Process C Rs. 12 per ton. The following information is available to you for the month of March, 2012: Raw materials used : Process A Tons Cost per ton Manufacturing wages and expenses You are required to prepare accounts showing cost per ton of each process. 1,400 Rs. 20 Rs. 10,304 Process B 160 32 Rs. Rs. 6,280 Process C 1,260 Rs. 14 Rs. 5,790
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
A product passes through three processes to completion. In the month of June, the costs of production were as follows: Cost Element Total Costs Processes 1 2 3 Additional Materials 8,432 2,000 3,020...
-
A product passes through three processes A, B, and C. The details of expenses incurred on the three processes during the year 1992 are as follows: Process A Process B Process C Units...
-
Show the products of these reactions: CH;CH2 CH3 a) b) Pt . Cl2 . d) H,SO4 CCl . . e) CH,CH,CH,C=CH f) H,SO, HgSO, H,SO, CH3 Br2 g) , CH3 h) CH CH3 CI CH3 . 1) BH3, THF 2) H2O2, NAOH CH,CH3 ...
-
After dating for over a year, Jack asked Jill to move in with him and gave her a key to his apartment. Shortly after Jill moved in, Jack and Jill got into an argument, and Jill moved out. Jack,...
-
What are the typical benefits of ERP?
-
Write a concrete integrability scenario for a system that you are working on (perhaps an exploratory scenario for some component that you are considering integrating).
-
As technology improves over time, fewer workers are needed to produce the same goods as before. Do you think this might have an implication for payas-you-go systems?
-
The cost categories in the following list are typical of many manufacturing operations: a. Direct materials: (1) Sheet steel (2) Iron castings b. Assembly parts: (1) Part 24 (2) Part 15 c. Direct...
-
( a 1 ) Calculate the return on shareholders' equity for Ivanhoe in 2 0 2 4 . Note that Ivanhoe's articles of incorporation authorize only common shares. The average return for the shares listed on...
-
The Dorton University president has asked the OSCM department to assign eight biology professors (A, B, C, D, E, F, G, and H) to eight offices (numbered 1 to 8 in the diagram) in the new biology...
-
Describes trading approaches of some of the high-profile quants hedge funds, their successes and failures. Identify an impact of a specific quants strategy on traditional brokerage firms. Explain why...
-
L Narrabeen mailed a $4400 ($4000 + $400 GST) tax invoice to D Why on 2 April 2022. On 8 April L Narrabeen received a cheque from D Why for the full amount owing. The deposit for that day included D...
-
On 1 January 2021, machinery was purchased for $29 700 ($27 000 + $2700 GST) to be depreciated at 20% p.a. Insurance account was $1200 at 31 March 2021. Annual insurance premium was paid on 1 April...
-
Prepare the accounts receivable and accounts payable control accounts for April for K Ann. Balance as per accounts receivable control account 31 March 2022 Balance as per accounts payable control...
-
Prepare the journals for the dates in August 2022 and post to the general and subsidiary ledgers for S Ireland who operates with perpetual inventory. 2 P Dipstick purchased stock from S Ireland for a...
-
C Kevin is having financial problems. He has not been receiving funds from some accounts receivable according to the trading terms and also has not been paying some credit suppliers according to...
-
A company wants to create a new can of soda with a volume of 180m cm. Due to limitations on the shelf space, the maximum diameter is 12 cm. What will be the height of this new can?
-
Juanita owns a home in Richardson, TX. She purchases a Homeowners Policy (HO-3) from Farm State Ins. Co. The policy provides $100,000 in liability coverage (coverage E) and $5,000 in Med Pay coverage...
-
A company manufactures four products from an input of a raw material to process 1. Following this process, product. A is processed in process 2, product B in process 3, product C in process 4 and...
-
ABC plc operates an integrated cost accounting system and has a financial year which ends on 30 September. It operates in a processing industry in which a single product is produced by passing inputs...
-
Zits Ltd makes two models for rotary lawn mowers, the Quicut and the Powacut. The company has a sales director and reporting to her, two product managers, each responsible for the profitability of...
-
Financial balances for the car hire business of Terry's Wedding Cars on 31 March 2024 are provided below in a table in accounting equation form similar to the chapter illustrations. During April, the...
-
Trans Clothing Alterations began operations on 1 August 2024 and completed the following transactions during the first month. 1. Tran deposited \($18\) 000 of her personal funds in a current account...
-
Finesse Fitness was established on 1 April 2024 with an initial investment of $60000 by the owner, Daniel Hewitt. During the first few months of business, the owner employed a student studying...
Study smarter with the SolutionInn App