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Q7. During the month of March, the following costs were incurred in department No. 2 of Mian Paints industry: Material Cost: Rs. 9000 Labor Cost:
Q7. During the month of March, the following costs were incurred in department No. 2 of Mian Paints industry: Material Cost: Rs. 9000 Labor Cost: Rs. 4250 FOH Cost: Rs. 5100 During the month 20,000 units with a total cost of Rs. 38000 were transferred into department from department No. 1. Of these, 15,000 units were completed and transferred to department No. 3 and 4000 units were still in process on 31st March being 3\4 complete as to material, complete as to labor and FOH. Required: Prepare process cost sheet of Department 2.
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