Question
From the following information, prepare process cost accounts and normal loss, abnormal loss or gain accounts: Process A (Rs) Process B (Rs) Material 30,000 3,000
From the following information, prepare process cost accounts and normal loss, abnormal loss or gain accounts:
Process A (Rs) | Process B (Rs) | |
Material | 30,000 | 3,000 |
Labour | 10,000 | 12,000 |
Overheads | 7,000 | 8,600 |
Input (units) | 20,000 | 17,500 |
Normal loss | 10% | 4% |
Sale of waste per unit (Rs) | 1 | 2 |
Final output from process B (units) | — | 17000 |
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
