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Process and operation costing

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In video 17 illustration 11 why do we deduct the scrap value of 40000 only from material, they have given scrap degree of completion for labour and overheads 80%, why don't we deduct 80% of value from labour and overheads.


Sri Varshini

Sri Varshini

CA Inter

575

03-Sep-20 17:21

369

Answers (1)

Its sale of scrap - And is difficult to attribute sale value to different components.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

04-Sep-20 11:18

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