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QUESTION 2 Karri Manufacturing produces a single product 'Rempah' which undergoes two processes, Process 1 and Process 2. The following data relates to the
QUESTION 2 Karri Manufacturing produces a single product 'Rempah' which undergoes two processes, Process 1 and Process 2. The following data relates to the month of March 2020: Process 1 Input: Material A Mixing labour hour Normal loss Scrap value for loss Output 10,000 kg at RM1.50 per kg 430 hours at RM4.00 per 5% of input RM0.50 per kg 9,300 kg Process 2 Input: Material B Mixing labour hour Normal loss Scrap value for loss 10,800 kg at RM2.25 per kg 370 hours at RM4.00 per 5% of input RM1.00 per kg Output Incomplete units 18,000 kg 1,500kg (PPC: 100%, 75% Materials, 60% Labour and Overhead) There was no work in progress at the beginning for both processes. No closing work in progress for process 1. Total overheads of RM4,200 incurred in the two processes was absorbed on the basis of mixing labour hours. Required: Prepare the following accounts: i. Process 1 ii. Process 2 (show all the relevant statements)
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