The finat selling price of products X,Y and Z are: There are no further processing costs associated with either peint X or the by product, but paint Y requires further processing at a cost of R1.50 per litre. All three products incur packaging costs of P0.50 per litre before they can be sold. Pequired: (a) Prepare the process 2 account for the month of October, apportioning the common costs between the joint products, based on their values at the point of separation. (20 marks) (b) Prepare the abriormal loss/gain account, Showing clearly the amount to be transferred to the profit and loss account. (4 marks) (c) Describe one other method of apportioning the comrnon costs between the joint products, and explain why it is necessary to make such apportionments, and their usefulness when measuring product profitability. (6 marks) fodated from CIMA Stage 2 Operational cost Accounting infe, 5 intermsdiate: Joint cost apportionment and a decision on further processing. QP Limited ooerates a chemicel process that produces four different products Q,R,S and T from the input of The finat selling price of products X,Y and Z are: There are no further processing costs associated with either peint X or the by product, but paint Y requires further processing at a cost of R1.50 per litre. All three products incur packaging costs of P0.50 per litre before they can be sold. Pequired: (a) Prepare the process 2 account for the month of October, apportioning the common costs between the joint products, based on their values at the point of separation. (20 marks) (b) Prepare the abriormal loss/gain account, Showing clearly the amount to be transferred to the profit and loss account. (4 marks) (c) Describe one other method of apportioning the comrnon costs between the joint products, and explain why it is necessary to make such apportionments, and their usefulness when measuring product profitability. (6 marks) fodated from CIMA Stage 2 Operational cost Accounting infe, 5 intermsdiate: Joint cost apportionment and a decision on further processing. QP Limited ooerates a chemicel process that produces four different products Q,R,S and T from the input of