ASSIGNMENT OF ACC 312-ADVANCED COSTACCOUNTING 2

                         PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)

                               "IN ALL YOUR GETTING GET WISDOM". 

NOTICE: STUDENTS DON`T COPY YOURSELVES, JUST BE YOURSELF. IT IS WELL WITH OUR SOUL ALLAHUMO KUNFAYAKUN AMIN.

TO WHOM: 

* HND ACCOUNTANCY DEPARTMENT
ASSIGNMENT 1

A product passes through two processes (X, Y) to completion. The following information

     were obtained from the company`s record.

                                                            Process X                    Process Y

                                                                N                                  N

     Material                                          125,000                       175,000

     Labour                                            100,000                        87,500

     Overhead                                       187,500                       125,000

     The input of material in Process A is 12,500kg while the outputs of the two processes are

     7,500kg and 5,000kg respectively. The scrap value of normal loss is N2 per unit. Normal

     loss is 10% of input.

     Prepared: Prepare

(i)                 Process X and Process Y Account

(ii)               Abnormal Loss/ Abnormal Gain Account

                                                  BEST OF LUCK!