Question

4. A particular brand of hair oil passed through three important processes. During the
week ended 15th Jan. 2004, 12,000 gross of bottles are produced. The cost books
show the following information:
Process Process 2 Process 3
Rs.
Rs.
Rs.
Materials
80,000 40,000 30,000
Labour
60,000 50,000 46,000
Direct Expenses
12,000 4,000 10,000
Cost of bottles
40,600
Cost of corks
6,500
The indirect expenses for the period were Rs. 32,000.
The by-products were sold for Rs. 4,800 - Process 2.
The residue were sold for Rs. 2,510 - Process 3.
Prepare the account in respect of each of the process showing its cost and cost of
production of the finished product per gross of bottles.
(Answer : Process 1 : Total Cost Rs. 1,64,307.69 (Cost per gross Rs. 13.69)
Process 2: Total Cost Rs. 3,04,364.10 (Cost per gross Rs. 25.36)
Process 3: Total Cost Rs. 4,03,790.00 (Cost per gross Rs. 33.65)
Hints : Indirect expenses : 1 - Rs. 12,307.69; 11 - Rs. 10,256.41; III - Rs. 9,435.90.
article has to underen three different processes before it becomes ready for sale.​

Answer 1

Explanation:

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