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#1
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can someone solve this for me!
2. A product passes through two processes. The output of each process is treated as raw material for the next process. The expenditures incurred during a period were as under
PARTICULARS .. PROCESS: A (Rs.) PROCESS: B (Rs.) Raw materials .. .. 400,000 .....200,000 Direct labour ...60,000 ... 40,000 Factory overhead .. ..100,000 ... .100,000 Total management cost ....560,000 ... . 340,000 10,000 units were issued to the process A and after processing, the output of each process is as under: PARTICULARS OUTPUT/(UNITS) NORMAL LOSS/% Process A .. ... 9,750 .... 2 Process B ... ... 9,400 .... 5 No stock of material or work in process was left at the end Required: Prepare Process Accounts to show the cost of the finished articles. |
#2
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@ Xaara Hussain
Process-A Account Particulars----------Units----Rs-----------Particulars---------Units----Rs Raw Material............10,000...400,000----Process-B Account...9,750.....557,143. Direct Labour.........................60,000-----Normal Loss.........200units........ Factory Overhead.................100,000-----Abnormal loss.........50......2857.. Total......................10,000....560,000...... ..........................10,000...560,000. WORKINGS Per Unit Cost = Total Cost/ Expected Production. = 560,000/10,000-200 =Rs. 57.1429 Expected Production or Normal output = Input units - normal loss = 10,000-200= 9,800 Units Process-B Account Particulars----------Units----Rs-----------Particulars---------Units----Rs Raw Material............9,750...200,000-----Finished goods........9,400.......345,066. Direct Labour........................40,000-----Normal Loss..........488 units........ Factory Overhead.................100,000. Abnormal gain...........138..........5,066. Total......................9,888....345,066....... ......................9,888.......345,066. Per Unit Cost = Total Cost/Expected production. = 340,000/9,750-488 = Rs. 36.7091 Important Notes: 1- Abnormal Loss units should not be excluded from Expected Production. 2- Abnormal gain units come from balancing the units side. YouTube - Fazail e Fatima(AS) by Rahat Fateh Ali Khan ( Izzat Khuda Ki Fatima AS ) Inshah Allah! this link will increase efficiency.This is my personal experience
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Unity + Faith + Discipline = True Pakistani Last edited by Pakistan Zindabaad; Thursday, February 17, 2011 at 07:28 PM. Reason: Addition of information |
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