A product passes through three processes. The following data relate to the three processes during September 1998:
|
Total |
Process I |
Process II |
Process III |
|
|
Materials (Rs) |
5,625 |
2,600 |
2,000 |
1,025 |
|
Labour (Rs) |
7,330 |
2,250 |
3,6130 |
1,400 |
|
Production overhead (Rs) |
7,330 |
— |
— |
— |
|
Output (units) |
— |
450 |
340 |
276 |
|
Normal loss (% of input) |
— |
10 |
20 |
25 |
|
Scrap value (Rs per unit) |
— |
2 |
4 |
5 |
500 units at Rs 4 per unit were introduced in process I. Production overhead is absorbed in the ratio of labour. Prepare process accounts, abnormal loss and abnormal gain accounts.