Standard Lubricant Sdn Bhd is a manufacturer of an industrial lubricant, which undergoes two successive processes. The output of process 1 is passed to process 2 and mixed with other chemicals. The process costs for the period were as follows: Process 1 Material: 3,000 kg at RM0.25 per kg. Labour: RM120 Hire of special machine: 12 hours at RM20 per hour Estimated output is 80% of input Y'S COPY Process 2 Material: 2,000 kg at RM0.40 per kg. Labour: RM84 Hire of special machine: 20 hours at RM13.50 per hour Estimated output is 90% of input Additional information: i. ii. General overhead for the period amounted to RM357 and is absorbed based on total labour cost. Waste from Process 1 is sold for RM0.20 per kg, while waste from Process 2 is sold for RM0.30 per kg. ii. Actual output for the period was 2,300 kg for Process 1 and 4,000 kg for Process 2. Required: A. Prepare the process account for both processes. B. Prepare the normal loss, abnormal loss or abnormal gain account. C. Define the terms "abnormal gain" and "abnormal loss. (14 marks) (4 marks)