From the following information, prepare process cost accounts and normal loss, abnormal loss or gain accounts:
|
Process A (Rs) |
Process B (Rs) |
|
|
Material |
30,000 |
3,000 |
|
Labour |
10,000 |
12,000 |
|
Overheads |
7,000 |
8,600 |
|
Input (units) |
20,000 |
17,500 |
|
Normal loss |
10% |
4% |
|
Sale of waste per unit (Rs) |
1 |
2 |
|
Final output from process B (units) |
— |
17000 |