A product passes through two processes A and B. Prepare the process accounts from the following details.
|
Particulars |
Process A |
Process B |
|
10, 000 units introduced at a cost Rs. |
20,000 |
— |
|
Materials consumed Rs. |
24,000 |
12,000 |
|
Direct labor Rs. |
28,000 |
16,000 |
|
Manufacturing expenses Rs. |
8,000 |
8,566 |
|
Normal wastages on input |
5% |
10% |
|
Scrap value of normal wastage Rs. Per 100 units |
40 |
50 |
|
Output [units] |
9,400 |
8,500 |
Also prepare the abnormal wastage/effective account as the case may be with each process account.