A prouduct passed through three stage of the production and
product for each stage become the raw material for the new
stage further raw material on also added at each stage .
During the march 2000, 1000 unit of finishied prouduction
produced with following expenditure.
A B C
material 10000 8000 4000
labour 8000 12000 6000
on cost 5000 4000 2000
inculuded expenses amount to 5200 and to be allocated on
the bassis of labour main raw material issue to stage A
was worth rs 6400\- prepare the procesing cost account with
unit each stage and total cost finishied product the final
stage.
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Process 1
To Main material 6400 By Process 2 a/c 31000
To Material issued 10000
To Labour Cost 8000
To Expenses 5000
To OH 1600
31000 31000
Process 2
To Process 1 A/c 31000 By Process 3 a/c 57400
To Material issued 8000
To Labour Cost 12000
To Expenses 4000
To OH 2400
57400 57400
Process 3
To Process 2 A/c 57400 By Finished Goods a/c 70600
To Material issued 4000
To Labour Cost 6000
To Expenses 2000
To OH 1200
70600 70600
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Benjamin O'Henry has owned and operated O'Henry's Data Services since its beginning ten years ago. From all appearances, the business has prospered. In the past few years, you have become friends with O'Henry and his wife. Recently, O'Henry mentioned that he has lost his zest for the business and would consider selling it for the right price. You are interested in buying this business, and you obtain its most recent monthly unadjusted trial balance which follows: O'Henry's Data Services Unadjusted Trial Balance November 30, 20XX Cash……………………………… $9,700 Accounts receivable……………………… 7,900 Prepaid expenses………… 2,600 Furniture, fixtures, & equipment 151,300 Accumulated depreciation $15,600 Accounts payable………… 3,800 Salary payable……………… Unearned service revenue 6,700 Benjamin O'Henry, capital 137,400 Benjamin O'Henry, withdrawals 2,000 Service revenue………… 14,300 Rent expense…………… Salary expense………… 3,400 Utilities expense……… 900 Depreciation expense Supplies expense…… Total…………………………………………. $177,800 $177,800 Revenues and expenses vary little from month to month, and November is a typical month. Your investigation reveals that the unadjusted trial balance does not include the effects of monthly revenues of $2,100 and monthly expenses totaling $2,750. If you were to buy O'Henry's Data Services, you would hire a manager who would require a monthly salary of $3,000. The most you would pay for the business is 20 times the monthly net income you could expect to earn from it. Compute this possible price. The least O'Henry will take for the business is his ending capital. Compute this amount. Under these conditions, how much should you offer O'Henry? Give your reason. I have the mathimatical part ok , please give reasons on how much and why I they would offer him the amount.
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