QUESTION ONE You are an Assistant Accountant at Trade Kang Limited which uses process costing technique to account for its products and productions costs. Your supervisor Ms. Kasanda Chanda has asked you to do a write up on some concepts she intends to discuss at a meeting with Finance and non- Finance team. Specifically she wants you to (a) Explain briefly the term joint products' in the context of process costing (2marks) (a) Discuss whether, and if so how joint process costs should be shared among joint aroduts Asume that no further procesing is requred after the split-off point) (11 marks) (b) Explain briefly the concept of 'equivalent units in process costing (4marks) (o) Explain the accounting treatment of notmal and abnormal losses (3marks)