a) Kilindini Ltd produces one product which passes through two processes, the mixing process and the...

 

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a) Kilindini Ltd produces one product which passes through two processes, the mixing process and the finishing process. The output from the mixing process becomes the input to the finishing process. for April 2016, the following figures are available: Mixing Process Finishing Process Input 10,000 units (Sh.) 90,000 Transfer from Mixing process (units) 7,600 Labour (Sh). 38,700 52,650 Overhead (as a percent of labour cost) 50% 40% Normal loss (as a percentage of input) 10% 5% Closing work in process (units) 800 500 Output (units) 7,600 7.200 Scrap value of losses (Sh. Per unit) 10 Required: i Mixing process Account Finishing Process Account (3 Marks) (4 Marks) The losses Accounts (4 Marks) b) Explain five (5) limitations of cots accounting. e) Explain four (4) assumptions of break-even point analysis. (5 Marks) (4 Marks) a) Kilindini Ltd produces one product which passes through two processes, the mixing process and the finishing process. The output from the mixing process becomes the input to the finishing process. for April 2016, the following figures are available: Mixing Process Finishing Process Input 10,000 units (Sh.) 90,000 Transfer from Mixing process (units) 7,600 Labour (Sh). 38,700 52,650 Overhead (as a percent of labour cost) 50% 40% Normal loss (as a percentage of input) 10% 5% Closing work in process (units) 800 500 Output (units) 7,600 7.200 Scrap value of losses (Sh. Per unit) 10 Required: i Mixing process Account Finishing Process Account (3 Marks) (4 Marks) The losses Accounts (4 Marks) b) Explain five (5) limitations of cots accounting. e) Explain four (4) assumptions of break-even point analysis. (5 Marks) (4 Marks)

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i MIXING PROCESS AC PARTICULARS ... View the full answer