Question

A product passes through two processes A and B. Normal loss in process A is 10%
of the input and in process B 7.5% of the input. The scrap value in the process A is 5
paisa per unit and in process B it is 10 paisa per unit. Other information is as
follows:
Process A (Rs.) Process B (Rs.)
Materials 5,000 2,500
Wages 5,500 3,000
Other Expenses 2,550 1,073
10,000 units were introduced into process A at a cost of Rs. 5,000
The outputs were: Process A–8,400 units, B–7,300 units
Prepare Process cost accounts.

Answer 1

Answer:

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