Question 3 RedBox, a special engine oil is produced from a series of processes. Process 4 has the following input for the month of April Materials transferred from Process 3 58,000 litres @ RM 200,000 Direct Labour 5,000 hours @ RM 20 per hour Variable Production Overheads absorbed RM 24.68 per direct labour hour. In reviewing the output for the same period the following were recorded: Transfer to Finished Goods 50,000 litres Normal Loss 10% of input can be sold for scrap for $5 per litre You are required to: Draw up the following accounts: 1) Process 4 Account (15 marks) (ii) Normal Loss Accounts (1 mark) (iii) Abnormal loss or gain accounts where appropriate. (4 marks)