Question: A product passes through two processes X and Y before it is finished and transferred to stock. In both processes, 10% of the weight put

A product passes through two processes X and Y before it is finished and transferred to stock. In both processes, 10% of the weight put in is lost. An additional 20% is scrapped, which realizes Rs 10 per tonne and Rs 15 per tonne, respectively, from processes X and Y. The following data is obtained for the month of November 1996

	Process X	Process Y
Material consumed	1,000 tonnes	100 tonnes
	Rs	Rs
Cost per tonne of material	20	30
Wages	10,000	12,000
Works expenses	7,000	8,400

Prepare process accounts showing cost of the output of each process and the cost per tonne.

Step by Step Solution

★★★★★

3.47 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Given Zrocen x hocen roeesy olesy Mateval 1o00 tonnes l00 tomnes Ps 30tonna Cost Per tonne ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

A product passes through three processes, during December 2019, 10,000 finished units were produced with the following expenditure: Particulars Process A Process B Process C Direct Materials $100,000...

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...

Eclypso Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the mixing department. Information for the mixing department...

Tyrone Company produces a variety of stationery products. One product, sealing wax sticks, passes through two processes: blending and molding. The weighted average method is used to account for the...

White Company produces men's shorts and uses the FIFO method to account for its manufacturing costs. The product White makes passes through two processes: cutting and sewing. During May, White's...

Dama Company produces womens blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Damas...

Janbo Company produces a variety of stationery products. One product, sealing wax sticks, passes through two processes: blending and molding. The weighted average method is used to account for the...

Marid Company manufactures a product that passes through two processes: fabrication and assembly. The following information was obtained for the fabrication department for August: a. All materials...

Watson Company has a product that passes through two processes: grinding and polishing. During October, the grinding department transferred 20,000 units to the polishing department. The cost of the...

Layton Machining Company (LMC) manufactures two versions of a basic machine tool. One version is a standard model and one is a custom model, which requires some additional work and slightly...

The courts have developed pragmatic rules for resolving inherent conflicts that arise in applying the tort of nuisance. Give two examples of these rules.

In the recording of depreciation expense, which account is credited?

6. If cigarette smokers are warned of the hazards of smoking and they continue to smoke, then they cannot sue tobacco companies for any resulting lung cancer or emphysema. Cigarette smokers are...

Yin li deposited $800 into a savings account that compounded interest monthly. What nominal annual rate compounded monthly was earned on the investment if the balance was $952.75 in five years?

Minot Corporation is preparing its cash budget for August. The following information is available concerning its accounts receivable: Required What is the estimated amount of cash receipts from...

A firm does not pay a dividend. It is expected to pay its first dividend of $0.20 per share in three years. This dividend will grow at 11 percent indefinitely. Using a 12 percent discount rate,...

Angler Fisheries operates a chain of budget seafood restaurants, as well as its own fishing fleet, which operates off the south coast of Australia. Angler is structured into three divisions: the...

Return on investment and residual income Hammod Insurance Company (HIC) earned operating income of $30,000,000 on operating assets of $240,000,000 during 2011. The Automobile Insurance Division...

rephrase to one paragraph: Finances 1. What are your current spending and saving practices? Joseph and Evelyn are developing a financial plan that aligns with their goals and values. Currently, they...

please need project report on all WYE 26 7120 21 90 (10 hrs * 3.60) = ? 36 3182 375 165 WYE 23,333 units (1,75,000 hrs -7.5 hrs pu) (2,80,000 hrs = 10 hrs pu) = 28,000 units 23,333 units 2 (23,333...

Intermediate: Overhead analysis sheet and calculation of overhead rates A company manulactures and sells two products, X andY, whose selling prices are 100 and 300 respectively, and each product...

Intermediate: Direct labour budget and labour cost accounting A company, which manufactures a range of consu mer products, is preparing the direct labour budget for one of its factories. Three...

Intermediate: Direct labour budget and labour cost accounting A company, which manufactures a range of consumer products, is preparing the direct labour budget for one of its factories. Three...

1. You have recently been appointed as management accountant to Bragg Lid. The company manufactures three types of printers. The following details relate to the three products for the production...