Monday, February 3, 2020

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!

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