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Question: A chemical company produced three chemicals during the month of December 2009, by three consecutive processes. In each process, 2% of the total weight
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A chemical company produced three chemicals during the month of December 2009, by three consecutive processes. In each process, 2% of the total weight put in is lost and 10% is scrap which from Process I and II realizes Rs. 100 per tonne and from Process III Rs. 20 per tonne. The products of the three processes are dealt with as follows:
Prepare process cost accounts, showing cost per tonne of each product.
Please proper explain and do not copy from Chegg. Otherwise, I have to report the answer.
\begin{tabular}{l|c|c|c} \hline & \multicolumn{1}{|c|}{ Process I Rs. } & Process II Rs. & \multicolumn{1}{|c}{ Process III Rs. } \\ \hline Passed on to next process & 75% & 50% & \\ Transfer to warehouse & 25% & 50% & 100% \\ for sale & & & \\ Raw materials: & 1,000 & 140 & 1,348 \\ Quantity (in tonnes) & 1,20,000 & 28,000 & 1,07,840 \\ Value (in Rs.) & 20,500 & 18,520 & 15,000 \\ Manufacturing wages & & & \\ (Rs.) & 10,300 & 7,240 & 3,100 \\ General expenses (Rs.) & & \end{tabular} \begin{tabular}{l|c|c|c} \hline & \multicolumn{1}{|c|}{ Process I Rs. } & Process II Rs. & \multicolumn{1}{|c}{ Process III Rs. } \\ \hline Passed on to next process & 75% & 50% & \\ Transfer to warehouse & 25% & 50% & 100% \\ for sale & & & \\ Raw materials: & 1,000 & 140 & 1,348 \\ Quantity (in tonnes) & 1,20,000 & 28,000 & 1,07,840 \\ Value (in Rs.) & 20,500 & 18,520 & 15,000 \\ Manufacturing wages & & & \\ (Rs.) & 10,300 & 7,240 & 3,100 \\ General expenses (Rs.) & & \end{tabular}Step by Step Solution
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