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