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

Assignment Help:

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

Related Discussions:- Process costing - accounting for scrap.., accounting

Frequency, midpoint of class containing highest frequency

midpoint of class containing highest frequency

Chi Square and Z tests, What is it that created the numerical relationship ...

What is it that created the numerical relationship between a chi square test and a z test?

Impulse-momentum theorem, Impulse and Momentum Theorem Impulse is known...

Impulse and Momentum Theorem Impulse is known as the change in momentum of any object: j = Δ p Momentum is a product of the mass & the velocity of an object, and is a v

According to you are the biggest challenges of moving ifrs, What according ...

What according to you are the biggest challenges of moving to IFRS? Manager 1: Well, there are going to be a lot of changes. IFRS is known to be more principle based than the

How long it takes a ball to fall to the bottom of a cone, A game that frien...

A game that friends and I try to play to guess how long it takes a ball to fall to the bottom of a cone and how many revolutions around the cone it will take. I do not have a lot

Comprehending Behavior Statistics, I was recently buying shoes when the sal...

I was recently buying shoes when the salesperson commented on how large my feet were. After telling him he had lousy sales techniques, I decided to investigate if I really do have

School based assesment, I need help with ledger accounts and the financial ...

I need help with ledger accounts and the financial statement

Assignment , assume that your group is incorporating a business organizatio...

assume that your group is incorporating a business organization. you are required to present a detailed structure, business environment and organizational structure of the entity.

Accrual basis in accounting , The foundation sales whereby income are ackno...

The foundation sales whereby income are acknowledged when gained and considerable regardless of when collected; and costs are noted on a corresponding basis when suffered. All amaz

Assignment, How much it will cost to get an assignment

How much it will cost to get an assignment

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages