Wye Chemicals pic manufactures a range of products in a variety of processes and the data given
Question:
Wye Chemicals pic manufactures a range of products in a variety of processes and the data given below relate to Process 3 for the month of April.
You are required to prepare:
(a) A statement showing the cost per unit and the value of the output.
(b) An account for Process 3.
(c) An abnormal gain or loss account.
There is a normal loss in process of 10% of throughput.
All units scrapped can be sold at £0.20 each.
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