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V) Realisable Value Value of Abnormal Lowi) A Method of CostingJou loss is not pour145 Practical Problems1. Prepare process Accounts from the following information:Process IProcess II Process IIIMaterial15.084 8.2003.960 5.924Direct Wages18.0006.000 8,000Production Overheads18.0001.000 units ato per unit were introduced in Process 1.Product overhead to be distributed as 100% on direct wages.Actual OutputUnit Normal Loss Value of Scrap per unit9505%84010%8Process I75015%10Process II[Ans. Cost: Process [email protected] Process II @ 43.50. Process III @ 80.12]Treatment of normal loss & abnormal loss)2. A product pases through three processes A, B and C. The normal wastages of each process is asfollows:Prys A: Process B: 5%. Process C:8.nn 50 per unit and that of Process C |
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