The product of a company passes through 3 distinct process. The following information is obtained from...

 

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The product of a company passes through 3 distinct process. The following information is obtained from the accounts for the month ending January 31, 2014. Particulars Direct Material Direct Wages Production Overheads 6000 12000 3000 units @t3 each were introduced to process-1. There was no stock of materials or work in progress. The output of each process passes directly to the next process and finally to finished stock Alc The following additional data is obtained: Output 2,850 Process-A 7800 6000 2,520 2,250 Process-B 5940 9000 9000 Process Normal Loss in % Process 1 5% Process 2 10% Process 3 15% Prepare Process Cost Account, Normal Loss Account and Abnormal Gain or Loss Account Process-C 8888 12000 Realisable Value of Scrap 100% The product of a company passes through 3 distinct process. The following information is obtained from the accounts for the month ending January 31, 2014. Particulars Direct Material Direct Wages Production Overheads 6000 12000 3000 units @t3 each were introduced to process-1. There was no stock of materials or work in progress. The output of each process passes directly to the next process and finally to finished stock Alc The following additional data is obtained: Output 2,850 Process-A 7800 6000 2,520 2,250 Process-B 5940 9000 9000 Process Normal Loss in % Process 1 5% Process 2 10% Process 3 15% Prepare Process Cost Account, Normal Loss Account and Abnormal Gain or Loss Account Process-C 8888 12000 Realisable Value of Scrap 100%

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Units introduced 3000 Direct Material Direct Wages Production Overhead Total Units from Process A Process A Account Units 285002850Rs 10 per unit Tota... View the full answer