PROCESS COSTING - LESSON 4

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Aringo Fredrick

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Soo glad sir, I do part-time and am learning a lot from you more than the class room.

safariafrica.

Finally i have understood process costing .THANKS BUDDY

francisngure

Thanks Mwalimu, Your class is always Interesting.

simayualmahdiyussuf

Mwalimu it has been a year of waiting for leason 5😢

vanny

Thanks very much for this, how do we determine our output where output is not given in the question, though I was only asked to compute the process account

popoolalateefat

thanks for honouring your promise God bless you

jymmoh

hello teacher, thank you a lot. please can you try this question is your next lesson?
Royal Paints (U) Ltd produces a paint called Weather Guard, which passes through three processes A, B, and C. during May 2022. The following took place during the production processes.
Process A-data
- 10, 000kgs of materials were put into the production process and each Kg was valued at Shs.6, 000
- Direct labour of 8, 000 labour hours were used and each hour was valued at Shs. 3, 000
- Actual output turned out to be 8500 units while process loss was scrapped at Shs. 6, 000 per unit and was paid for by cheque.
Process B-data
- 3000kgs of materials were added to the production process and each Kg was valued at Shs. 7, 000.
- Direct labour amounted to Shs. 14, 000, 000
- Actual output was 11, 000 units and the process loss was scrapped at Shs. 8, 000 per unit.
Process C- data
- Additional materials totaling 1, 000kgs valued at Shs. 5, 000 per kg were introduced in the production process.
- Direct labour amounted to shs. 12, 000, 000
- Actual output was 11, 500 units while process loss was scrapped at Shs. 9, 000 per unit.
Additional information
- Overheads were absorbed at 120% of direct labour in each process.
- Normal loss was expected to be 8%, 6% and 3% respectively for process A, B and C
- All process losses were scrapped and properly paid for.
Required;
a) Prepare the process accounts for this paint. (20 marks)

lamwogirl

Thank you...I have an exam tomorrow. I'm sure this Will help

RudadisorwasheNyamupfukudza

Where is the lesson for process costing with Work in progress considered?

jeremybradley

thank you learm
ning more mr fred though lesson 4 not well projected

stephenngumbao

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