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this is the cost management accounting, help me ASAP AND I WILL GIVE A GOOD RATE Question 3 Superfood Sdn. Bhd. produces an organic superfood
this is the cost management accounting, help me ASAP AND I WILL GIVE A GOOD RATE
Question 3 Superfood Sdn. Bhd. produces an organic superfood powder called beetroot powder. The beetroot powder is made in two consecutive production processes which are Drying and Blending. The cost accountant has provided the following information for the coming month. There was no opening or closing inventory at the beginning and end of either process. All losses were sold to a reprocessing company. Drying Blending RM Direct materials (45,800 kg) 2,800 NIL Direct labour 7,400 9,500 Production overheads 2,680 5,880 Scrap value of losses per kg 1.00 1.50 RM Output in kg Normal loss as % of total inputs 40,000 10% 38,000 7% Required: (a) Prepare the following accounts: (i) Drying process account, (6 marks) (ii) Blending process account, (6 marks) (iii) Normal loss account (5 marks) Explain TWO (2) reasons why process costing is more suitable to be used in Superfood Sdn. Bhd. (4 marks) Explain FOUR (4) benefits of using process costing in Superfood Sdn. Bhd. (4 marks) [Total: 25 marks) (b) (c) Step by Step Solution
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