Question
Moulding Process Transfer from Previous Process - Assembly 6000 units @ $60000 Current input - Raw Material 4000 units @ $10000 Direct Labour 4000 hours
| Moulding Process | |
| Transfer from Previous Process - Assembly | 6000 units @ $60000 |
| Current input - Raw Material | 4000 units @ $10000 |
| Direct Labour | 4000 hours @ $2/hour |
| Production Overheads | 150% of direct labour cost |
| Normal Loss | 10% of input |
| Actual Output | 8500 units and transfer to finished Goods |
Requirement:
A. Draw a moulding process account with all the necessary calculation.
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Mastering Management System Auditing The Essential Guide To Effective Auditing Practices
Authors: Ashar Hasan
1st Edition
B0C47RGBVM, 979-8393399023
