Accounting For Decision MakingTU Board 2023
The Himalayan Fertilizer Corporation manufactures fertilizer after completing three processes. The following information is related to the three processes. ParticularsProcess P1Process P2Process…
12The Himalayan Fertilizer Corporation manufactures fertilizer after completing three processes. The following information is related to the three processes. ParticularsProcess P1Process P2Process P3Raw materials introduced5,000--Cost of material per units (Rs)Rs 25.5--Direct wagesRs 78,800Rs 69,640Rs 30,000Factory overheadsRs 30,000Rs 25,000Rs 10,550Weight loss5%10%20%Normal loss40 units36 units20 unitsScrap value of normal lossRs 20Rs 15Rs 100Actual output4,710 units2,770 units1,120 unitsSelling price per units of outputRs 40Rs 150Rs 200Output transferred to next process2/3½-Output sold at the end of each process1/3½100% Required: Process account by showing profit of each process.
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