J & G Manufacturing makes a single product by way of three separate processes. Details of production for the month ending June 30 were as follows: Process Process 1 Process 2 Process 3 Input material:...


Answer question i and ii.


J & G Manufacturing makes a single product by way of three separate processes. Details of<br>production for the month ending June 30 were as follows:<br>Process<br>Process 1<br>Process 2 Process 3<br>Input material:<br>Material added<br>Direct Labour cost<br>Manufacturing Overhead<br>Normal losses<br>16,250 kg<br>$390,000<br>$57,300<br>$61,000<br>$36,750<br>$92,200<br>$63,000<br>$112,800<br>$97,080<br>8%<br>6%<br>6%<br>13,250 kg<br>12,000 kg<br>$16.00/kg $32.00/kg|<br>Output<br>13,750 kg<br>Scrap value of losses<br>The nature of the process requires equipment to be cleaned at the end of each month; hence<br>there is no opening or closing stock of product in process.<br>Required:<br>i)<br>The process account for each process: and<br>The abnormal loss/gain account(s) showing J & G Manufacturing true loss/gain.<br>ii)<br>

Extracted text: J & G Manufacturing makes a single product by way of three separate processes. Details of production for the month ending June 30 were as follows: Process Process 1 Process 2 Process 3 Input material: Material added Direct Labour cost Manufacturing Overhead Normal losses 16,250 kg $390,000 $57,300 $61,000 $36,750 $92,200 $63,000 $112,800 $97,080 8% 6% 6% 13,250 kg 12,000 kg $16.00/kg $32.00/kg| Output 13,750 kg Scrap value of losses The nature of the process requires equipment to be cleaned at the end of each month; hence there is no opening or closing stock of product in process. Required: i) The process account for each process: and The abnormal loss/gain account(s) showing J & G Manufacturing true loss/gain. ii)

Jun 11, 2022
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