Question: Peria Enterprise operates a process costing system. The process is expected to lose 25% of input and this can be sold for RM8 per kg.

Peria Enterprise operates a process costing system. The process is expected

Peria Enterprise operates a process costing system. The process is expected to lose 25% of input and this can be sold for RM8 per kg. Inputs for the month were: Direct materials 3,500kg at a total cost of RM52,500 Direct labour RM9,625 for the period There is no opening or closing work in progress in the period. Actual output was 2,800kg. What is the valuation of the output? a. RM49,700 b. RM44,100 c. RM56,525 d. RM58,800 Peria Enterprise operates a process costing system. The process is expected to lose 25% of input and this can be sold for RM8 per kg. Inputs for the month were: Direct materials 3,500kg at a total cost of RM52,500 Direct labour RM9,625 for the period There is no opening or closing work in progress in the period. Actual output was 2,800kg. What is the valuation of the output? a. RM49,700 b. RM44,100 c. RM56,525 d. RM58,800

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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 Accounting Questions!

A company operates a process costing system. The process is expected to lose 10% of input and this can be sold for $0.45 per kg Inputs for the month were: 2,500 kg at a total cost of Direct Material...

A company operates a process costing system. The process is expected to lose 10% of input and this can be sold for $0.45 per kg. Inputs for the month were: 2,500 kg at a total cost of Direct Material...

A company operates a process costing system. The process is expected to lose 10% of input and this can be sold for $0.45 per kg. Inputs for the month were: Direct Material 2,500 kg at a total cost of...

QUESTION 1 (continued) QUESTIONS (g) TO (j) RELATE TO THE ETD (g) (i) Comment on whether or not the shortcut method is applicable in calculating the (2) actual quantity statement for December 2022....

Question 3 (29 marks) Tulipamwe Windhoek ("TW") operates a process costing system to manufacture honey. The company buys raw honey from the farmers concentrated in the Zambezi region of Namibia. The...

Please answer all,, its due today rull 7% 08:33 7. You many assume that one liter is equivalent to one kilo and that the three products are immediately identifiable at split off. Requirement Marks...

Tulipamwe Windhoek ("TW") operates a process costing system to manufacture honey. The company buys raw honey from the farmers concentrated in the Zambezi region of Namibia. The process involves...

Tulipamwe Windhoek (TW) operates a process costing system to manufacture honey. The company buys raw honey from the farmers concentrated in the Zambezi region of Namibia. The process involves...

The two sequences below have one term that is the same. Determine which term this is and find its value. u1 = 12 ................................. v1 = 15 un = un -1 + 0.3 where n 2 .......... vn =...

Find the Determinant of 1 1 4 2 2 -1 2 5 A = 1 2 3 4 3 4 -1 21 Using (a) Upper Triangular Elimination Method (b) Chio's Method and (c) Piviotal Method Use the editor to format your answer

An essential procedural control to ensure the accuracy of the recorded inventory quantities is Establishing a cutoff for goods received and shipped. Performing a gross profit test. Calculating unit...

Discuss the policy statement concept and identify three focus areas / procedures where a clearpolicy statement / operating procedure

Discuss cross-cultural differences in perception

Compare and contrast families and family roles across cultures

Compare and contrast sex and gender roles across cultures