Please can you help me with this question,,, Oprim kwansa has a factory which operates two distinct processes 1 and 2 . Output from process 2 is finished output ready for sale. Normal loss in each process is 10% . Scrapped units out of the process 1 is sold at GHC 6 per unit where as scrapped units in process 2 is sold for GHC10 each. Relevant information about the cost for the control period ending 31st January 2022 is as follows. Process 1. Process 2. Unit. GHC. Unit. GHC 0 Input material. 9000. 10800. _. _ Transfer to Process 2. 8000. _. 7000. 14000 Labour. 64800. 27000 Finished goods. 14000 Required to prepare accounts for the process 1 and 2, abnormal loss and abnormal gain, and scrap
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Please can you help me with this question,,,
Oprim kwansa has a factory which operates two distinct processes 1 and 2 . Output from process 2 is finished output ready for sale. Normal loss in each process is 10% . Scrapped units out of the process 1 is sold at GHC 6 per unit where as scrapped units in process 2 is sold for GHC10 each. Relevant information about the cost for the control period ending 31st January 2022 is as follows.
Process 1. Process 2.
Unit. GHC. Unit. GHC
0
Input material. 9000. 10800. _. _
Transfer to
Process 2. 8000. _. 7000. 14000
Labour. 64800. 27000
Finished goods. 14000
Required to prepare accounts for the process 1 and 2, abnormal loss and abnormal gain, and scrap