Process Costing Question 1
In the account details recorded for CharllyCARES Nig Ltd. There was an input material transferred from Process A account which is 12,000 units.
The cost of labor was N15,000 while the factory overhead cost was N15,000. The final output was 11,000kg with a normal loss of 5%.
You are required to calculate:
- Total Cost
- Expected Unit
- Cost Per Unit
- Value of Good Unit
- Value of Abnormal loss
- Value of Abnormal gain
See also: YouTube Video That Suits This Question
[wonderplugin_video iframe=”https://youtu.be/kO2qnOSxuHg” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”https://hstutorial.com/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”]