Process costing - accounting for scrap.., accounting, Basic Statistics

Assignment Help:
a company has two processes whose details are as follows: Materials 3000kg @ k0.30/kg, labour K120 for process 1 and material 2000kg @ k0.40/kg and labour k84 for process 2. actual overhead k357 but overhead absorbed @375% of labour in process1 and 496%of labour for process 2.
normal output is 80% ofimput in process 1 and 90% in process 2.
scrap vale of loses is k0.20 in process 1 and k0.30/kg in process 2.
output for period 3
period 1 2300kg
pr0cess 2 4000kg

Related Discussions:- Process costing - accounting for scrap.., accounting

Derive the pure strategy nash equilibrium, There are two firms competing in...

There are two firms competing in quantity. Firm 1 and 2 set their quantities supplied, q1 and q2, respectively. The production costs are zero. The market price is given by

Three major accounts and their rules, Three major Accounts and their Rules ...

Three major Accounts and their Rules There are three major Records which are a) Personal Accounts b) Real Accounts c) Moderate Accounts Rule for Personal Account: Ch

How to calculate mode?, Mode Mode, M is the value that has the largest ...

Mode Mode, M is the value that has the largest number of occurrence or frequency in a data set, for instance, given the following data:  11 15 16 12 15 19 17 15 we can se

International accounting standards committee, IASC:  The IASC (Internationa...

IASC:  The IASC (International Accounting Standards Committee is an international organization which was set up in 1973 was restructured to form IASB in 2001. It was an agreement b

Estimate the population mean flying time for the pilots, The mean number of...

The mean number of hours of flying time for pilots at Continental Airlines is 49 hours per month (The Wall Street Journal, February 25, 2003). Assume that this mean was based on ac

What is b2b, Definition of B2B? This is known as the abbreviation of Busin...

Definition of B2B? This is known as the abbreviation of Business to Business. Abbreviation Of Business To Business

Cost of accounting, what are different method of classifying overhead? indi...

what are different method of classifying overhead? indicate the advantag

Define the critical value and degrees of freedom, (3) You  generate  a  nul...

(3) You  generate  a  null  hypothesis  that  = 32.   You  draw  a  random  sample  of  size n = 28 from the population. You observe the following sample statistics: Y = 35:5 and a

Permutations and combinations, 16 people to line-up ( 12 boys 4 girls). in ...

16 people to line-up ( 12 boys 4 girls). in how many ways could they line-up with all 4 girls in last (anyorder)?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd