PATRIOT ODUNARO BABATUNDE JIMOH (080384540008)
ILLUSTRATION 1 :
(COPY IT INSIDE YOUR NOTE AND TO BE TREATED IN THE NEXT CLASS)
A product passes through two processes (P, Q) to completion. The following information
were obtained from the company`s record.
Process P Process Q
N N
Material 130,000 182,000
Labour 104,000 91,000
Overhead 195,000 130,000
The input of material in Process A is 13,000kg while the outputs of the two processes are
7,800kg and 5,200kg respectively. The scrap value of normal loss is N2 per unit. Normal
loss is 10% of input.
Prepared: Prepare
(i) Process P and Process Q Account
(ii) Abnormal Loss/ Abnormal Gain Account
................................................................................................................................................
ASSIGNMENT 5
A product passes through two processes (A, B) to completion. The following information
were obtained from the company`s record.
Process A Process B
N N
Material 100,000 140,000
Labour 80,000 70,000
Overhead 150,000 100,000
The input of material in Process A is 10,000kg while the outputs of the two processes are
6,000kg and 4,000kg respectively. The scrap value of normal loss is N2 per unit. Normal
loss is 10% of input.
Prepared: Prepare
(i) Process A and Process B Account
(ii) Abnormal Loss/ Abnormal Gain Account
ASSIGNMENT 6
A product passes through two processes (X, Y) to completion. The following information
were obtained from the company`s record.
Process X Process Y
N N
Material 125,000 175,000
Labour 100,000 87,500
Overhead 187,500 125,000
The input of material in Process A is 12,500kg while the outputs of the two processes are
7,500kg and 5,000kg respectively. The scrap value of normal loss is N2 per unit. Normal
loss is 10% of input.
Prepared: Prepare
(i) Process X and Process Y Account
(ii) Abnormal Loss/ Abnormal Gain Account
BEST OF LUCK!
FUTURE BELONGS TO THOSE WHO PREPARE FOR IT!!-PATRIOT ODUNARO B.J
INSTRUCTION:
FOR FULL-TIME:TO BE SUBMITTED ON OR BEFORE FRIDAY OCTOBER 3O, 2020 AROUND 12 NOON
FOR PART-TIME-TIME:TO BE SUBMITTED ON OR BEFORE SUNDAY NOVEMBER 1, 2020 AROUND 9AM
NOTICE: PREVIOUS ASSIGNMENTS CLICK THE LINK BELOW:
https://objunityonlineclasses.blogspot.com/2020/10/assignment-on-acc-222-cost-accounting-2.html
