Make out the necessary accounts from the following details: Process A Process B Materials 30,000 3,000 Labour 10,000 12,000 Overheads 7,000 8,600 Inputs (units) 20,000 17,500 Normal loss 10% 4% Sale value of wastage per unit 1 2 There was no opening or closing stock or work in progress. Final output from Process B was 17,000 units.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Make out the necessary accounts
from the following details:
Process A Process B
Materials 30,000 3,000
Labour 10,000 12,000
Overheads 7,000 8,600
Inputs (units) 20,000 17,500
Normal loss 10% 4%
Sale value of wastage per unit 12
There was no opening or closing
stock or work in progress. Final
output from Process B was 17,000
units.
Transcribed Image Text:Make out the necessary accounts from the following details: Process A Process B Materials 30,000 3,000 Labour 10,000 12,000 Overheads 7,000 8,600 Inputs (units) 20,000 17,500 Normal loss 10% 4% Sale value of wastage per unit 12 There was no opening or closing stock or work in progress. Final output from Process B was 17,000 units.
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