A product passes through three processes X, Y and Z. The normal waste of each process was 3%, 5% and 8% for X, Y and Z, respectively. The waste of process X was sold at Rs 2.50 per unit, that of Y at Rs 5 per unit and that of Z at Rs 8.50 per unit. 10,000 units were issued to process X on 1 July at a cost of Rs 100 per unit. The other expenses were as follows:
Processes | |||
X (Rs) | Y (Rs) | Z (Rs) | |
Sundry materials | 10,000 | 15,000 | 5,000 |
Labour | 50,000 | 80,000 | 65,000 |
Expenses | 10,450 | 15,895 | 20,000 |
The actual outputs were 9,500 units; 9,100 units and 8,100 units for X, Y and Z, respectively. Prepare process accounts assuming that there are no opening or closing stocks.
Students succeed in their courses by connecting and communicating with an expert until they receive help on their questions
Consult our trusted tutors.
Login | Sign Up
