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  • Process Cpsting

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    Josh Franklyn
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    The document outlines three manufacturing processes. Process 1 shows direct material costs of $390,000, direct labor of $57,300, and overheads of $61,000. There is an abnormal loss of $40,800 and material transferred to Process 2 of $467,500. Process 2 adds material of $659,250, has direct labor of $92,200 and overheads of $63,000, with an abnormal gain of $16,575. Process 3 has direct material of $674,425, direct labor of $112,800, overheads of $97,080, with an abnormal loss of $32,305 and process output of $852,000.

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    Process cpsting

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    The document outlines three manufacturing processes. Process 1 shows direct material costs of $390,000, direct labor of $57,300, and overheads of $61,000. There is an abnormal loss of $40,800 and material transferred to Process 2 of $467,500. Process 2 adds material of $659,250, has direct labor of $92,200 and overheads of $63,000, with an abnormal gain of $16,575. Process 3 has direct material of $674,425, direct labor of $112,800, overheads of $97,080, with an abnormal loss of $32,305 and process output of $852,000.

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    © All Rights Reserved
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    12 views1 page

    Process Cpsting

    Uploaded by

    Josh Franklyn
    The document outlines three manufacturing processes. Process 1 shows direct material costs of $390,000, direct labor of $57,300, and overheads of $61,000. There is an abnormal loss of $40,800 and material transferred to Process 2 of $467,500. Process 2 adds material of $659,250, has direct labor of $92,200 and overheads of $63,000, with an abnormal gain of $16,575. Process 3 has direct material of $674,425, direct labor of $112,800, overheads of $97,080, with an abnormal loss of $32,305 and process output of $852,000.

    Copyright:

    © All Rights Reserved
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    of 1

    Process 1

    Dr Cr
    Direct Material 16,250 kg 24 $390,000
    Direct Labor 57,300 Abnormal loss 1200 kg*34 40,800
    Overheads 61,000 Transfer to process 13,750 kg *34 467,500
    16,250 508,300 508,300

    659,250
    CPU =
    12,925

    = $51

    Process 2
    Dr Cr
    Material added 36,750 13,250 kg *51
    Direct Labor 92,200
    Overheads 63,000
    Abnormal Gain 325 *51 16,575
    675,750 675,750

    885,630
    CPU =
    12,455

    = $71

    Process 3
    Dr Dr
    Direct Material 674,425
    Direct Labor 112,800 Abnormal Loss 455 kg *71 32,305
    Overheads 97,080 Process output 12000 kg *71 852,000

    884,305 884,305

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