Fresh Air Sdn Bhd manufactures vanilla bouquet air freshener through two consecutive processes M and N....

Transcribed Image Text:

Fresh Air Sdn Bhd manufactures vanilla bouquet air freshener through two consecutive processes M and N. It applies process costing principles in determining its costs. The data below relates to Process M for the month of May 2022: Process M Material input Direct labour Production overhead Normal loss Actual output Scrap value 15,000 kg@RM2 per kg 5,000 hours @RM3 per hour RM2.43 per direct labour hour 5% of material input 14,000 kg RM0.20 per kg All output is fully completed in process M and transfer out to Process N. Required: Prepare Process M Account and show calculation of cost per unit. a. b. Prepare Normal loss Account C. Prepare Abnormal loss or Abnormal gain Account if any. (14 marks) (Total: 20 marks) Fresh Air Sdn Bhd manufactures vanilla bouquet air freshener through two consecutive processes M and N. It applies process costing principles in determining its costs. The data below relates to Process M for the month of May 2022: Process M Material input Direct labour Production overhead Normal loss Actual output Scrap value 15,000 kg@RM2 per kg 5,000 hours @RM3 per hour RM2.43 per direct labour hour 5% of material input 14,000 kg RM0.20 per kg All output is fully completed in process M and transfer out to Process N. Required: Prepare Process M Account and show calculation of cost per unit. a. b. Prepare Normal loss Account C. Prepare Abnormal loss or Abnormal gain Account if any. (14 marks) (Total: 20 marks)