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Problem - The manufacture of product kei involves three production processes namely, welding, filling and spraying. In the month of November, 2000 units valued at sh.50 each entered production and the cost incurred for the three processes are given below:
Process Cost
Total
Welding
Filling
Spraying
Direct material
40,000
60,000
69,240
169,240
Direct labour
80,000
100,000
240,000
Direct expenses
10,000
4,520
-
14,520
Manufacturing overheads
120,000
The output from each process was as follows:
Welding 1,840 units
Filling 1,740 units
Spraying 1,600 units
The estimated normal loss for each process was:
Welding 10%
Filling 5%
Spraying 10%
The loss in each process represented defective units which could be disposed off at the following values: Welding sh.30 per unit; Filling sh.50 per unit; Spraying sh.60 per unit.
There were no stocks of materials or work in progress at the beginning or end of the month. The output of each process poses directly to the next process at cost without any provision for internal profit. Manufacturing overheads are absorbed by each process at 50% of the direct labour cost.
Required -
i) Process account for each of the three processes.
ii) Abnormal loss and abnormal gain account. Show all workings.
How would the information a management accountant would use to determine company costs change depending on type of production?
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