A chemical company produced three chemicals during the month of December 2009, by three consecutive processes. In
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A chemical company produced three chemicals during the month of December 2009, by three consecutive processes.
In each process, 2% of the total weight put in is lost and 10% is scrap which from Process I and II realizes Rs. 100 per tonne and from Process III Rs. 20 per tonne. The products of the three processes are dealt with as follows:
Prepare process cost accounts, showing cost per tonne of each product.
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