Questions On Process Costing +Video Guide

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%.

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You are required to calculate:

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  • 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 ^(https://www.hstutorial.com/goto/https://youtu.be/kO2qnOSxuHg)

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