Process costing - accounting for scrap.., accounting, Basic Statistics

a company has two processes whose details are as follows: Materials 3000kg @ k0.30/kg, labour K120 for process 1 and material 2000kg @ k0.40/kg and labour k84 for process 2. actual overhead k357 but overhead absorbed @375% of labour in process1 and 496%of labour for process 2.
normal output is 80% ofimput in process 1 and 90% in process 2.
scrap vale of loses is k0.20 in process 1 and k0.30/kg in process 2.
output for period 3
period 1 2300kg
pr0cess 2 4000kg
Posted Date: 3/27/2012 10:38:03 AM | Location : United States







Related Discussions:- Process costing - accounting for scrap.., accounting, Assignment Help, Ask Question on Process costing - accounting for scrap.., accounting, Get Answer, Expert's Help, Process costing - accounting for scrap.., accounting Discussions

Write discussion on Process costing - accounting for scrap.., accounting
Your posts are moderated
Related Questions
Manufacturing overhead referred to as factory burden, factory overhead, and manufacturing support costs refers to indirect factory related costs which are incurred when a product i

Quota Sampling: in stratified the cost of taking random samples from individual strata is often so expensive that interviewers are simply give quota to be filled from different str

Impact of government regulation on managerial Decision making Impact of government regulation on managerial Decision making how methods of control can influence market prices.

Interpretation or Analysis of Financial Statements. Financial report research (or financial analysis) the procedure of comprehension the possibility and earnings of an organizat

It's a fact of business–if an organization has workers, it has to account for paycheck and edge advantages. In this description of paycheck bookkeeping we'll present paycheck, e

what is the importance of time series

Refund can be defined as return of a part of a purchase price by a seller to a buyer, usually on a purchase of a specified quantity or a value of goods within a specified period.

From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) marginal

meaning and definition of operations rsearch

The monthly income of a company employee is normally distributed with the mean Rs. 20,000 and standard deviation of Rs. 5000. a) Find the probability that an employee earns more th