Question

slate
Particulars
10. Process - || A/C
Costing Profit & Loss A/C
Abnormal Gain Account
Units Amount )
Particulars
40
200 By, Process ll A/C
Units
40
Cr.
Amount )
275
lof
75
40
ed
275
ng
er
illustration 25
40
275
Product-X is obtained after it passes through three distinct processes. You are required to prepare process
account from the following information:
e
PROCESSES
1
Material
II
5,200
Direct wages
3,960 5,924
4,000 6,000
8,000
Production overheads
1,000 units @6 per unit was introduced in Process I production overhead to be distributed at 100% on
TOTAL
15,084
18,000
18,000
direct wages.
ACTUAL OUTPUT
UNITS
Process-1
Process-11
Process-11/
950
840
750
NORMAL LOSS VALUE OF SCRAP
per unit)
5%
4
10%
8
15%
10
Prepare Process Accounts for I, II & III
Solution:
PROCESS-|- Account
Or.
Cr.​

Answer 1

Answer:

Particulars

10. Process - || A/C

Costing Profit & Loss A/C

Abnormal Gain Account

Units Amount )

Particulars

40

200 By, Process ll A/C

Units

40

Cr.

Amount )

275

lof

75

40

ed

275

ng

er

illustration 25

40

275

Product-X is obtained after it passes through three distinct processes. You are required to prepare process

account from the following information:

e

PROCESSES

1

Material

II

5,200

Direct wages

3,960 5,924

4,000 6,000

8,000

Production overheads

1,000 units @6 per unit was introduced in Process I production overhead to be distributed at 100% on

TOTAL

15,084

18,000

18,000

direct wages.

ACTUAL OUTPUT

UNITS

Process-1

Process-11

Process-11/

950

840

750

NORMAL LOSS VALUE OF SCRAP

per unit)

5%

4

10%

8

15%

10

Prepare Process Accounts for I, II & III

Solution:

PROCESS-|- Account

Or.