Zam$$is an industrial chemical produced in two successive chemical processes one

and two. During the month of August $2019,$the following took place;

Materials Labour Plant time

Process I $6,000$kgs @ Sh $50$Sh $24,00024$hours @ Sh $200$

Process II $4,000$Kgs @ Sh $80$Sh $11,60040$hours @ Sh $270.$Overheads amounted to Sh $71,400$and absorbed into process costs on a process labour

basis. Normal output of process I is $80\%$and process II is $90\%.$Waste matter for process

I is sold at Sh $40$per kg and process II at Sh $30$per kg$.$The output for August $2019$was

Process I; $4,600$kgs and process II; $8,000$kgs$.$Required;

i$)$Prepare process I and process II accounts. ii$)$ Abnormal loss and abnormal gain accounts

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