CoursHeroTranscribedText: Bolder Chemicals Limited manufactures a product, Zander, within two separate processes. For the week...
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Accounting
CoursHeroTranscribedText: Bolder Chemicals Limited manufactures a product, Zander, within two separate processes. For the week ended September 24, 2020 the details were: Process1 Materials input, 8000 kilos @ $3 per kilo Labour $3,680 Overheads $4,300 Process 2 Materials input 4,400 kilos @$4 per kilo Labour $2,840 Overheads $2,100 Normal outputs are: Process1, 90% of input Process 2, 80% of input All losses have a scrap value of $0.50 per kilo Output during the week was 7,400 kilos from Process 1 and 9,200 kilos from Process 2. Required: As the accounts assistant at Bolder Chemicals Limited you are asked to prepare: A. The process 1 account for the week ended 24 September 2020 (11 marks) B. The process 2 account for week ended 24 September 2020 (12 marks)
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