Question 1: Abc company within the beverage industry mixes ingredients in two different processes to produce one product. The Output of process 1 becomes the input of process Il and the output of process Il is transferred to the packing department. From the information given below, you are required to calculate cost of process I, process II, abnormal loss value. (25 marks) Process Input Material A Material 6,000 kgs at Rs 1 per kg 4,000kgs at Rs. 2 per ke 430 hours at Rs 2 per kg Mixing labour Normal Loss 5% of weight input, disposed of at Rs 0.32 per kg Output 9,200 kgs Process 11 Input Material 6,000 kgs at Rs 2.50 per kg 4,200 kgs at Rs 1.50 per kg Material D Flavouring essence Rs 330 Mixing tabour 370 hours at Is 4 per hour Normal waste 5 % of weight input with no disposal value Output 9,200 kgs Process II Input Material C 6,000 kgs at Rs 2.50 per kg Material D 4,200 kgs at Rs 1.50 per kg Flavouring essence Rs 330 Mixing labour 370 hours at rs 4 per hour Normal waste 5% of weight input with no disposal value Output 18,000 kgs No Work-in-Progress at the beginning of the week but 1,000 kgs in process at the end of the week and estimated to be only 50% complete so far as labour and overhead were concerned overhead of Rs 6,400 incurred by the two processes to be absorbed on the basis of mixing labour-hours