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Process and operation costing

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

42

Answers (1)

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


Suraj Lakhotia

Suraj Lakhotia

Admin

04-Sep-20 11:18

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