Prepare Process Accounts assuming that there is no process loss.


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Prepare Process Accounts assuming that there is no process loss. 1 answer below » Product A is a product produced after three distinct processes. The following information is obtained from the accounts of the company for a particular period. Particulars Total Amount Rs. Process I Rs Process II Rs Process III Rs Direct Material 2,200 1,800 300 100 Direct Labor 400 100 200 100 Direct Expenses 500 300 –– 200 Production overheads are incurred Rs.800 and is recovered at 200% of direct wages. Production during the period was 100 kg. There was no opening or closing stock. View complete question » Product A is a product produced after three distinct processes. The following information is obtained from the accounts of the company for a particular period. Particulars Total Amount Rs. Process I Rs Process II Rs Process III Rs Direct Material 2,200 1,800 300 100 Direct Labor 400 100 200 100 Direct Expenses 500 300 –– 200 Production overheads are incurred Rs.800 and is recovered at 200% of direct wages. Production during the period was 100 kg. There was no opening or closing stock. Prepare Process Accounts assuming that there is no process loss. View less » Jul 24 2014 07:50 AM

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