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Old mathjax webview please do it within few minutes or else skip 2 The manufacture of product Fanta' requires three distinct processes. On completion, the
Old mathjax webview please do it within few minutes or else skip 2 The manufacture of product Fanta' requires three distinct processes. On completion, the product is passed from Process 3 to finished stock. During the month of December, 2011, the following information was obtained : Elements of costs Total Process I II III Rs. Rs. Rs. Rs. Direct material 26,000 15,000 11,000 Direct labour 26,500 12,500 6,000 8,000 Direct expenses 8,000 3,000 5,000 Production overhead 79,500 Production overhead is absorbed by processes at a percentage of direct wages. Production during the period was 1,000 kg. There was no stock of raw materials or work-in-progress at the beginning or at the end of the month. Show the process accounts and finished stock account
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