ASSIGNMENT ON ACC 222-COST ACCOUNTING 2 FOR PART TIME

A product passes through two processes (P, Q) to completion. The following information

were obtained from the company`s record.

                                                            Process P                    ProcessQ

                                                                N                                  N

     Material                                          100,000                       140,000

     Labour                                              80,000                         70,000

     Overhead                                       150,000                       100,000

     The input of material in Process P is 10,000kg while the outputs of the two processes are

     6,000kg and 4,000kg respectively. The scrap value of normal loss is N2 per unit. Normal

     loss is 10% of input.

Prepared: Prepare

(i)                 Process P and Process Q Account

(ii)               Abnormal Loss/ Abnormal Gain Account

BEST OF LUCK!

                               Patriot Odunaro B.J (08038454008)
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