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Q.4. Roma ltd produces a product which passes through three process-Mixing, Refining andFinishingYou are given following details of these processMixingRSRefiningR$FinishingRSInitial Unit introduced 500 units10.000Sundry added material20.000 15.000 5.000Wages10,000 5.0005.000Direct Expenses10.000 7.0005.000Output (in Unit)400350Expected normal loss % on input10%.10.Realizable value of scrap per unitRs 20Rs 75Rs 30Indirect ExpensesManagement Expense Rs. 60.000 (to be charged on three process on the basis of Wages)Other Indirect overhead Rs 21500 (to be charged in the ratio of output)You are required to prepare Process Account, Abnormal Loss Abnormal Ellectiveness A/c |
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Answer» HFUFOULKUCUOFUFUF ffyufttv |
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