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A company plans to process 1000kg of a certain material costing ksh. 100perkg through one process. To orocess these units the company will incur conventional
A company plans to process 1000kg of a certain material costing ksh. 100perkg through one process. To orocess these units the company will incur conventional tests which include; labour ksh.200000 Production overhead ksh. 100000 t's usually the company's policy to provide a normal wastage of 10% of input for the scrap units are always sold at ksh.50 per kg. At the end of the process the company realises that all loses were at the normal level and there were no opening and closing work in progress. Required; process account for appropriate accounts A company plans to process 1000kg of a certain material costing ksh. 100perkg through one process. To orocess these units the company will incur conventional tests which include; labour ksh.200000 Production overhead ksh. 100000 t's usually the company's policy to provide a normal wastage of 10% of input for the scrap units are always sold at ksh.50 per kg. At the end of the process the company realises that all loses were at the normal level and there were no opening and closing work in progress. Required; process account for appropriate accounts
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