A product passes through two distinct processes A and B and then to finished stock. The output of A passes direct to “B” and that of “B” passes to the finished stock. From the following information, you are required to prepare the process accounts:
|
Process A |
Process B |
|
|
Materials consumed (Rs.) |
12,000 |
6,000 |
|
Direct labour (Rs.) |
14,000 |
8,000 |
|
Manufacturing expenses (Rs.) |
4,000 |
4,000 |
|
Input in Process A (units) |
10,000 |
– |
|
Input in Process A (value) |
10,000 |
– |
|
Output (units) |
9,400 |
8,300 |
|
Normal wastage (% of output) |
5% |
10% |
|
Value of normal wastage |
8 |
10 |
|
per 100 units (Rs.) |
No opening or closing stock is held in process.