A product passes through three processes, processes I, II and III. 15,000 units of crude material were introduced into process I at Re 1 per unit. Additional information is as follows:
|
Process I (Rs) |
Process II (Rs) |
Process III (Rs) |
|
|
Material consumed (Rs) |
3,000 |
4,500 |
1,500 |
|
Direct labour (Rs) |
15,000 |
24,000 |
19,500 |
|
Normal loss (%) |
3 |
6 |
10 |
|
Manufacturing expenses (Rs) |
3,600 |
3,705 |
5,618 |
|
Output an units) |
14,250 |
13,650 |
12,012 |
|
Value of normal loss per unit (Rs) |
0.50 |
1.00 |
2.00 |
Prepare process cost accounts and normal loss, abnormal loss and abnormal gain accounts.