An article has to undergo three different processes before it becomes ready for sale. From the...
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An article has to undergo three different processes before it becomes ready for sale. From the following information, find out cost of production per unit of that article if 200 units of article were manufactured up to 31st December, 2006. Expenses of 200units of article are Manufacturing Process 2,000 1,500 400 Material Labour Direct exp. Refining Process 1,000 2,500 200 Finishing Process 750 1,000 -300 The indirect expenses for the period amount to Kshs. 6,000 in the factory out of which Kshs. 2,000 is attributable to this product. There was no stock at the end in any process. The indirect expenses should be allocated to each process on the basis of labour. An article has to undergo three different processes before it becomes ready for sale. From the following information, find out cost of production per unit of that article if 200 units of article were manufactured up to 31st December, 2006. Expenses of 200units of article are Manufacturing Process 2,000 1,500 400 Material Labour Direct exp. Refining Process 1,000 2,500 200 Finishing Process 750 1,000 -300 The indirect expenses for the period amount to Kshs. 6,000 in the factory out of which Kshs. 2,000 is attributable to this product. There was no stock at the end in any process. The indirect expenses should be allocated to each process on the basis of labour.
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College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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