Question

Q.4. Roma ltd produces a product which passes through three process-Mixing, Refining and
Finishing
You are given following details of these process
Mixing
RS
Refining
R$
Finishing
RS
Initial Unit introduced 500 units
10.000
Sundry added material
20.000 15.000 5.000
Wages
10,000 5.000
5.000
Direct Expenses
10.000 7.000
5.000
Output (in Unit)
400
350
Expected normal loss % on input
10%.
10.
Realizable value of scrap per unit
Rs 20
Rs 75
Rs 30
Indirect Expenses
Management Expense Rs. 60.000 (to be charged on three process on the basis of Wages)
Other Indirect overhead Rs 21500 (to be charged in the ratio of output)
You are required to prepare Process Account, Abnormal Loss Abnormal Ellectiveness A/c​

Answer 1

Answer:

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