Chemical Engineering Factory In a Chemical Engineering Factory, a product passes through three processes, viz Process I, Process II and Process III. The normal wastage of each process is: Process I: 3%, Process II: 6% and Process III: 10%. The percentage of the normal wastage in each case is computed on the basis of the number of units entering the process concerned. The wastage of Process I is sold @ 25 paise per unit, that of process II is sold @ 50 paise per unit and that of process III is sold @ Rs 1 per unit. 15,000 unit of crude material were introduced in process I @ Rs 1 per unit. The Other Expenses were as follows: Material consumed Direct Labour Manufacturing Exps Process 1 1,500 7,500 1,575 Process II 2,250 12,000 1,425 Process III 750 9,750 3,105 The Output of each process has been as follows: Process I Process II Process III 14,250 13,650 12,012 There is no stock or work-in-process in any process. Required: i) ii) Prepare the three process accounts, and The abnormal loss and abnormal gain accounts