Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help me this is cost and management acoounting Question 3 Superfood Sdn. Bhd. produces an organic superfood powder called beetroot powder. The beetroot powder
please help me this is cost and management acoounting
Question 3 Superfood Sdn. Bhd. produces an organic superfood powder called beetroot powder. The beetroot powder is made in two consecutive production processes which are Drying and Blending. The cost accountant has provided the following information for the coming month. There was no opening or closing inventory at the beginning and end of either process. All losses were sold to a reprocessing company. Drying Blending RM Direct materials (45,800 kg) 2,800 NIL Direct labour 7,400 9,500 Production overheads 2,680 5,880 Scrap value of losses per kg 1.00 1.50 RM Output in kg Normal loss as % of total inputs 40,000 10% 38,000 7% Required: (a) Prepare the following accounts: (i) Drying process account, (6 marks) (ii) Blending process account, (6 marks) (iii) Normal loss account (5 marks) Explain TWO (2) reasons why process costing is more suitable to be used in Superfood Sdn. Bhd. (4 marks) Explain FOUR (4) benefits of using process costing in Superfood Sdn. Bhd. (4 marks) [Total: 25 marks) (b) (c) Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started