Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A clothes manufacturing process has a normal loss of 10% of input. In a given period, the following data were recorded: Input materials 200
A clothes manufacturing process has a normal loss of 10% of input. In a given period, the following data were recorded: Input materials 200 tons at $20 per ton Labour and overheads were $2480 Actual output was 180 tons Compute the cost per ton based on the following scenario: Losses with No Scrap Value Losses with Scrap Value: Suppose the losses can now be sold as scrap for $4.50 per tons. Abnormal losses with No Scrap Value: Suppose actual production was 170 tons. Abnormal losses with Scrap Value: Suppose the losses are having a scrap value for $4.50/ tons. i. ii. iii. iv.
Step by Step Solution
★★★★★
3.60 Rating (161 Votes )
There are 3 Steps involved in it
Step: 1
i Losses with No Scrap Value Total cost of input materials 200 tons x 20ton 4000 Total cost of labou...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started