Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a product passes through two processes and then to

A product passes through two processes and then to finished stock. The normal wastage of...

90.2K

Verified Solution

Question

Accounting

A product passes through two processes and

then to finished stock. The normal wastage

of each process is Process - A 3% and

Process - B 5%.

The wastage of Process A was sold @ Rs.5 per

unit and that of Process B at Rs.10 per unit.

20,000 units were introduced into Process A

at the beginning of January 2015 at a cost of

Rs.40 per unit.

Process A Process B

Sundry materials 40,000 60,000

Wages 2,00,000 3,20,000

Manufacturing

expenses

30,000 28,500

The output of Process A was 19000 units and that

of Process B 18200 units. Prepare process accounts

only.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The aluminum in a 1.258-g sample of impure ammonium aluminum sulfate was precipitated with aqueous ammonia...

Chemistry
Q

Make an essay about corruption in general. Use your critical thinking to write this essay.

Psychology
Q

For superposition of two waves in interfe 1 They must have equal frequency and wave...

Physics
Q

You ve paid 120 for membership to a racquetball club Court time is 5 per...

Basic Math
Q

Match the correct statement concerning Trigonometric functions and angles to the correct answer Cos of...

Basic Math
Q

Sanji throws an 8-sided solid with faces numbered 1 through 8.Which of the following statements...

Algebra
Q

6 Multiply each expr 9 k In which expressions does the entire denominator cancel a...

Algebra
Q

Exercise 7-6(Algo) Variable and Absorption Costing Unit Product Costs and Income Statements...

Accounting
Q

Choice Chicken grows and processes chickens. Each chicken is disassembled into five main parts....

Accounting
Q

Schedule of Cash Collections of Accounts Receivable Office World Inc. has "cash and carry"...

Accounting
Q

Piedmont Company segments its business into two regions North and South. The company prepared the...

Accounting
Q

Determine the fair market value of a $20 million loan structured like a conventional American...

Finance