From the following figures, show the cost sheet of the three processes of manufacture. The production of each process is passed on to the next till completion:
|
Process A |
Process B |
Process C |
|
|
Wages and materials |
60,8C0 |
24,0 |
58,500 |
|
Works and cost |
11,200 |
10,500 |
12,000 |
|
Production (in units) |
72,000 |
75,0 |
9400D |
|
Stock (Units from pre- ceding process on |
— |
8,0 |
33,000 |
|
1 March 2010) |
|||
|
Stock (Units from preceding process on |
— |
2,0 |
11,000 |
|
31 March 2010 |
750 units were introduced into a process at a cost of Rs. 50,000. Cost of labour and overheads amounted to Rs. 30,000 and Rs. 20,000, respectively. The normal loss in the process is 6% of input, which has no recovery value. Show the process account.