A co. produced d main products X & Y & one by product Z emerges from d production process apart from waste.Cost descripttion of d production is hereunder.
|
Item |
Units |
Rs. |
Output |
Closing stock as on 31/3/2002 |
|
Raw material |
10,000 |
1,00,000 |
X=4000 units |
500 |
|
wages |
|
50,000 |
Y= 3000 units |
100 |
|
fixed overhead |
|
50,000 |
Z= 1000 units |
-
|
Variable
overhead 30,000 -
Scrap realisation is Rs. 2000. By-product Z is sold @ 20 pu.There is separte processing charge of Rs.2000, packing on by product costRs.3000 reasonable profit on by-product after separate processing is Rs. 2000.Avg mkt price of X & Y is Rs60 pu & 40 pu, respectively.Calculate d closing stock of X & Y products...
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