QUESTION TWO (20 Marks) a) Kilindini Ltd produces one product which passes through two processes, the mixing process and the finishing process. The output from the mixing process becomes the input to the finishing process. for April 2016, the following figures are available: Mixing Process Finishing Process Input 10,000 units (Sh.) 90,000 Transfer from Mixing process (units) 7.600 Labout (Sh) 38,700 $2,650 Overhead (as a percent of labour cost) 50% 40% S2 SD Normal loss (as a percentage of input) 10% 5% Closing work in process (units) SOO 500 Output (units) 7,600 7,200 Scrap value of losses (Sh. Per unit) 10 1040 Required: (3 Marks) 52. De Mixing process Account ii. Finishing Process Account (4 Marks) ini The losses Accounts (4 Marks) b) Explain five (5) limitations of cots accounting. (5 Marks) c) Explain four (4) assumptions of break-even point analysis. (4 Marks) 6