Not a member of Pastebin yet?
Sign Up,
it unlocks many cool features!
- Download: https://solutionzip.com/downloads/angolan-products/
- Angolan Products processes its products through three separate stages. Details of production for the month ending 31 May were as follows:
- Process Raw Materials Direct Production Normal Actual
- Labour Overheads Loss Output
- Primary 65,000 kg $0.60/kg $5,730 $3,240 10% 55,000
- Secondary $7,200 $4,100 5% 53,000
- Finishing $11,280 $9,655 5% 48,000
- During the month $6,300 worth of materials were used in the secondary process. The nature of the process requires equipment to be cleaned at the end of each month; hence there is no opening or closing stock of product in process.
- Losses from the finishing process are sold at $1.50 per kg.
- Required:
- i) The process account for each process: and
- ii) The abnormal loss/gain account(s).
- Download: https://solutionzip.com/downloads/angolan-products/
Add Comment
Please, Sign In to add comment