Sparkling Beverages makes one of its products by way of three separate stages. Details of production for the month ending 31* January were as follows: Process Fementing Distilling $780,000 Bottling...


Please assist with questions 1 and 2. thank you


Sparkling Beverages makes one of its products by way of three separate stages. Details of<br>production for the month ending 31* January were as follows:<br>Process<br>Fementing Distilling<br>$780,000<br>Bottling<br>Input material:<br>65,000 litres<br>Material added<br>$89,000<br>$225,600<br>$193, 100<br>Direct Labour cost<br>$114,600<br>$122,000<br>$153,500<br>Manufacturing Overhead<br>Normal losses<br>Output<br>Scrap value of losses<br>$126,000<br>8%<br>5%<br>5%<br>55,000 litres 53,000 litres 48,000 litres<br>$18.00/litre $30.00/litre<br>The nature of the process requires equipment to be cleaned at the end of each month; hence<br>there is no opening or closing stock of product in process.<br>Required:<br>i)<br>The process account for each process: and<br>The abnormal loss/gain account(s) showing Sparkling Beverages true loss/gain.<br>ii)<br>

Extracted text: Sparkling Beverages makes one of its products by way of three separate stages. Details of production for the month ending 31* January were as follows: Process Fementing Distilling $780,000 Bottling Input material: 65,000 litres Material added $89,000 $225,600 $193, 100 Direct Labour cost $114,600 $122,000 $153,500 Manufacturing Overhead Normal losses Output Scrap value of losses $126,000 8% 5% 5% 55,000 litres 53,000 litres 48,000 litres $18.00/litre $30.00/litre The nature of the process requires equipment to be cleaned at the end of each month; hence there is no opening or closing stock of product in process. Required: i) The process account for each process: and The abnormal loss/gain account(s) showing Sparkling Beverages true loss/gain. ii)

Jun 11, 2022
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