Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 22 Jul 2017 My Price 4.00

distinct processes

Product A is a product produced after three distinct processes. The following information is obtained from the accounts of the company for a particular period.

Particulars

Total Amount Rs.

Process I Rs

Process II Rs

Process III Rs

Direct Material

2,200

1,800

300

100

Direct Labor

400

100

200

100

Direct Expenses

500

300

––

200

Production overheads are incurred Rs.800 and is recovered at 200% of direct wages. Production during the period was 100 kg. There was no opening or closing stock. Prepare Process Accounts assuming that there is no process loss.

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Jul 2017 09:07 PM My Price 4.00

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