Question

Electric power
Oil Industry
18. The following details are extracted from the costing records of an oil mill for the year ended 31st
March, 2010:
Purchase of 5,400 ton of coconut for 12,20,000.
Crushing Refining Finishing
₹
Cost of labour
2,750 1,100 1,650
660 396 264
Sundry materials
110 2,200
Repairs to machinery
308 363
154
Steam
660 495
495
Factory expenses
1,452 726
Cost of casks 8,250
3,200 ton of crude oil were produced, 2,600 ton of oil were produced by tho refining process and 2,550
ton of refined oil were finished for delivery.
Coconut sacks sold
440
1,925 ton of coconut residue sold
12,100
Logs in weight in crushing, 275 ton
7,425
500 ton of by-products obtained from refining process
You are required to show the accounts in respect of each of the following stages of manufacture for
the purpose of arriving at the cost per ton of each procops and the total cost por ton of the finished oil
(a) Coconut Crushing, (b) Refining Process, and (c) Finishing Process including casking​

Answer 1

Answer:

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