Hello sir ,
Please help me with the below question .
Material input 200 kg at $4 per kg
Labour input 100 hours at $15/hr
Dept overhead $1000
Trfr to finished goods 150kg
Normal loss is 10% of input .
Losses are identified when the process is 50% complete.
There is no opening and closing work in progress .
What is the total cost of the completed unit ?
In the above question ,how do we get Actual loss 50 kg ?
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Cost accoutning
3y ago#1They input 200 Kg, but the transfer out to finished goods is 150 kg.
Therefore they actually lost 200 - 150 = 50 kg.
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