A clothes manufacturing process has a normal loss of 10% of input. In a given period,...
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A clothes manufacturing process has a normal loss of 10% of input. In a given period, the following data were recorded: Input materials 200 tons at $20 per ton Labour and overheads were $2480 Actual output was 180 tons Compute the cost per ton based on the following scenario: Losses with No Scrap Value Losses with Scrap Value: Suppose the losses can now be sold as scrap for $4.50 per tons. Abnormal losses with No Scrap Value: Suppose actual production was 170 tons. Abnormal losses with Scrap Value: Suppose the losses are having a scrap value for $4.50/ tons. i. ii. iii. iv. A clothes manufacturing process has a normal loss of 10% of input. In a given period, the following data were recorded: Input materials 200 tons at $20 per ton Labour and overheads were $2480 Actual output was 180 tons Compute the cost per ton based on the following scenario: Losses with No Scrap Value Losses with Scrap Value: Suppose the losses can now be sold as scrap for $4.50 per tons. Abnormal losses with No Scrap Value: Suppose actual production was 170 tons. Abnormal losses with Scrap Value: Suppose the losses are having a scrap value for $4.50/ tons. i. ii. iii. iv.
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i Losses with No Scrap Value Total cost of input materials 200 tons x 20ton 4000 Total cost of labou... View the full answer
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