Q.4. Roma ltd. produces a product which passes through three process-

1.	Q.4. Roma ltd. produces a product which passes through three process- Mixing, Refining andFinishing. You are given following details of these processMixing Refining FinishingRs. Rs. RsInitial Unit introduced 500 units 10,000Sundry added material 20,000 15,000 5,000Wages 10,000 5,000 5,000Direct Expenses 10,000 7,000 5,000Output (in Unit) 400 350 325Expected normal loss % on input 10% 10% 10%Realizable value of scrap per unit Rs. 20 Rs. 25 Rs 30Indirect Expenses: Management Expense Rs. 60,000 (to be charged on three process on the basis of Wages)
Answer» Answer: (vii)Input in a process is 4000 units and normal loss is 20%. ... c) State the UNIT of cost and method of COSTING generally used for accounting ... (iii)Oil refining ... You are REQUIRED to compute the ratio of the mix of the raw MATERIALS 'X' and 'Z'. ... 1. Overhead rate per hour for production department. A1 = 070,3. 16.787,8.Rs. Explanation:

Q.4. Roma ltd. produces a product which passes through three process- Mixing, Refining andFinishing. You are given following details of these processMixing Refining FinishingRs. Rs. RsInitial Unit introduced 500 units 10,000Sundry added material 20,000 15,000 5,000Wages 10,000 5,000 5,000Direct Expenses 10,000 7,000 5,000Output (in Unit) 400 350 325Expected normal loss % on input 10% 10% 10%Realizable value of scrap per unit Rs. 20 Rs. 25 Rs 30Indirect Expenses: Management Expense Rs. 60,000 (to be charged on three process on the basis of Wages)

Answer»

Answer: (vii)Input in a process is 4000 units and normal loss is 20%. ... c) State the UNIT of cost and method of COSTING generally used for accounting ... (iii)Oil refining ... You are REQUIRED to compute the ratio of the mix of the raw MATERIALS 'X' and 'Z'. ... 1. Overhead rate per hour for production department. A1 = 070,3. 16.787,8.Rs.

Explanation:

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