31. A process costing system for J Co. used an input of 3,500 kg of materials at ₹20 per kg and labour hours of 2,750 at ₹25 per hour. Normal loss is 20% and losses can be sold at a scrap value of ₹5 per kg. Output was 2
CS Executive · Cost and Management Accounting · PYQS · June 2021
31. A process costing system for J Co. used an input of 3,500 kg of materials at ₹20 per kg and labour hours of 2,750 at ₹25 per hour. Normal loss is 20% and losses can be sold at a scrap value of ₹5 per kg. Output was 2,950 kg. What is the value of the output ?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Process Costing
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