Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Don't waste my turn please do it within few minutes 9 A chemical factory manufactures a chemical product which passes through three processes. The products

image text in transcribed

Don't waste my turn please do it within few minutes 9 A chemical factory manufactures a chemical product which passes through three processes. The products of these processes are dealt with as under : Process A Process B Process C Transfer to next process 662% 60% Transfer to warehouse for sale 33-% 335 40% 100% In each process 4% of the total weight put in is lost and 6% is scrapped which realises from Process A Rs. 6 per ton, from Process B Rs. 10 per ton and from Process C Rs. 12 per ton. The following information is available to you for the month of March, 2012: Raw materials used : Process A Process B Process C 1,400 160 1,260 Rs. 20 Rs. 32 Rs. 14 Manufacturing wages and expenses Rs. 10,304 Rs. 6,280 Rs. 5,790 You are required to prepare accounts showing cost per ton of each process. Tons Cost per ton

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations And Evolutions

Authors: Amie Dragoo, Michael Kinney, Cecily Raiborn

10th Edition

1618533533, 9781618533531

More Books

Students also viewed these Accounting questions

Question

State four criteria for selecting identifiers for entities.

Answered: 1 week ago