explain the concepts of the following topics in detail

NBU: Managerial accounting: International students group only. Assignment based make up exam: Explain the concepts of the following topics, demonstrate the working and solution for each illustration, detailed working is needed. For concepts and theories explanation question, further marks will be granted if explanation with any suitable examples and illustration for guidance. Process costing-normal process costing: Illustration Soft sweet drink Co is a manufacturer for a popular soda beverage. It has just ended the following processes right on the year end stock valuation period. Process info: particulars Units and costs Input material 20,000 units at $8,900 Conversion costs $8,000 Normal loss 10% of input units Scrap value on loss units $0.5 per unit Actual output at the end of process 19,850 units Please be noted that for all loss units could be scrapped shall be treated as side income from the process. There are no closing and opening WIP for this process. Requirement: (1) Calculate the estimated cost per output unit of the process. (2) Prepare the accounts for process and related transactions. (3) Calculate the abnormal units and its values.cost card: Illustration: A company operates a job costing system. Job number 808 requires $150 of direct materials and $200 of direct labour. Direct labour is paid at the rate of $16 per hour. Production overheads are absorbed at a rate of $6 per direct labour hour and non-production overheads are absorbed at a rate of 50% of prime cost. R: What is the total cost of job number 808? R: explain the full format of cost card, including each element of full cost card. Requirement: Explain the meaning of variancesin standard costing