Product A is a product produced after three distinct processes. The following information is obtained from the accounts of the company for a particular period.
|
Particulars |
Total Amount Rs. |
Process I Rs |
Process II Rs |
Process III Rs |
|
Direct Material |
2,200 |
1,800 |
300 |
100 |
|
Direct Labor |
400 |
100 |
200 |
100 |
|
Direct Expenses |
500 |
300 |
–– |
200 |
Production overheads are incurred Rs.800 and is recovered at 200% of direct wages. Production during the period was 100 kg. There was no opening or closing stock. Prepare Process Accounts assuming that there is no process loss.