Question: From the following information, prepare process cost accounts and normal loss, abnormal loss or gain accounts: Process A (Rs) Process B (Rs) Material 30,000 3,000

From the following information, prepare process cost accounts and normal loss, abnormal loss or gain accounts:

Process A (Rs)

Process B (Rs)

Material

30,000

3,000

Labour

10,000

12,000

Overheads

7,000

8,600

Input (units)

20,000

17,500

Normal loss

10%

4%

Sale of waste per unit (Rs)

1

2

Final output from process B (units)

—

17000

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