PROCESS COSTING - LESSON 4

[@AringoFredrick]

PROCESS COSTING - LESSON 3
ua-cam.com/video/vi5cs0ZRMzU/v-deo.html

[@popoolalateefat1302]

Thanks very much sir, but in a situation where output is not given in this question and was asked to compute process account, please sir how do I get my output

[@safariafrica.9361]

Soo glad sir, I do part-time and am learning a lot from you more than the class room.

[@francisngure]

Finally i have understood process costing .THANKS BUDDY

[@AringoFredrick]

Woow, I am glad to hear that. Always welcome.

[@simayualmahdiyussuf4349]

Thanks Mwalimu, Your class is always Interesting.

[@christopherterere802]

This is amazing be blessed

[@AringoFredrick]

Thank you soo much and amen. Glad you have enjoyed it.

[@lamwogirl4605]

hello teacher,thank you a lot. please can you try this question is your next lesson?
Royal Paints (U) Ltd produces a paint called Weather Guard, which passes through three processes A, B, and C. during May 2022. The following took place during the production processes.
Process A-data
- 10,000kgs of materials were put into the production process and each Kg was valued at Shs.6,000
- Direct labour of 8,000 labour hours were used and each hour was valued at Shs. 3,000
- Actual output turned out to be 8500 units while process loss was scrapped at Shs. 6,000 per unit and was paid for by cheque.
Process B-data
- 3000kgs of materials were added to the production process and each Kg was valued at Shs. 7,000.
- Direct labour amounted to Shs. 14,000,000
- Actual output was 11,000 units and the process loss was scrapped at Shs. 8,000 per unit.
Process C- data
- Additional materials totaling 1,000kgs valued at Shs. 5,000 per kg were introduced in the production process.
- Direct labour amounted to shs. 12,000,000
- Actual output was 11,500 units while process loss was scrapped at Shs. 9,000 per unit.
Additional information
- Overheads were absorbed at 120% of direct labour in each process.
- Normal loss was expected to be 8%, 6% and 3% respectively for process A, B and C
- All process losses were scrapped and properly paid for.
Required;
a) Prepare the process accounts for this paint. (20 marks)

[@AringoFredrick]

Always welcome, kindly share this on WhatsApp.

[@lamwogirl4605]

@@AringoFredrick thanks Sir

[@vanny1333]

Mwalimu it has been a year of waiting for leason 5😢

[@AringoFredrick]

😂😂😂😂😅😅 this is on mDarasa platform but will see what I can do about this.

[@jymmoh7950]

thanks for honouring your promise God bless you

[@popoolalateefat1302]

Thanks very much for this, how do we determine our output where output is not given in the question, though I was only asked to compute the process account

[@RudadisorwasheNyamupfukudza]

Thank you...I have an exam tomorrow. I'm sure this Will help

[@AringoFredrick]

Great, I hope it helped 🙏.

[@stephenngumbao2387]

thank you learm
ning more mr fred though lesson 4 not well projected

[@AringoFredrick]

Will upload the pdf doc for you guys to download the same easily.

[@kaleidscope927]

Thank you Sir

[@AringoFredrick]

Always welcome

[@08gonnie]

🎉🎉❤thank you sir

[@AringoFredrick]

Always welcome.

[@jeremybradley5109]

Where is the lesson for process costing with Work in progress considered?

[@AringoFredrick]

Hello Jeremy, you can get all these classes on mDarasa platform app.mdarasa.co.ke

[@AduMillicent-zv1ir]

We need lesson 5 sir

[@AringoFredrick]

I will upload soon.

[@AringoFredrick]

PROCESS COSTING LESSON 2
ua-cam.com/video/m8UkoyDFLA0/v-deo.html

[@johnkioko4310]

Can you help on cost of capital..

[@AringoFredrick]

PROCESS COSTING - LESSON 1
ua-cam.com/video/jKh7QpEFprg/v-deo.html

[@MajoniJuliana]

Thank you so much sir

[@timatia4492]

Thank you

[@AringoFredrick]

You're welcome

[@asmaadam5376]

Contract account plz