Podcast
Questions and Answers
What is the normal wastage rate for Process A?
What is the normal wastage rate for Process A?
What is the output from Process B?
What is the output from Process B?
What is the total cost of materials for Process A?
What is the total cost of materials for Process A?
What is the scrap value of normal wastage for Process B?
What is the scrap value of normal wastage for Process B?
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How much did Process A spend on wages?
How much did Process A spend on wages?
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Study Notes
Process A
- Normal wastage rate is 5%
- Scrap value for process A is ₹50 per 100 units
- 1,000 units were input at a cost of ₹5,000
- 900 units were output
- Process A expenses:
- Materials: ₹10,000
- Wages: ₹8,000
- Manufacturing expenses: ₹2,000
Process B
- Normal wastage rate is 10%
- Scrap value for process B is ₹80 per 100 units
- 750 units were output
- Process B expenses:
- Materials: ₹6,000
- Wages: ₹4,000
- Manufacturing expenses: ₹2,000
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Description
This quiz focuses on the costing aspects of two manufacturing processes: A and B. It covers wastage rates, scrap value, input and output units, and various expenses related to materials, wages, and manufacturing processes. Test your knowledge of cost calculation in manufacturing!
