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The product of a company passes through three distinct processes to completion, Process A, B and C. Based on past experience it is ascertained that losses will be incurred in each process. In each case the percentage of loss is computed on the number of units entering the process concerned. The loss of each process possesses a scrap value. The following information is provided: Normal Loss Scrap value % Rs Process A 2% Rs 5 per 100 units Process B 5% Rs 5 per 100 units Process C 10% Rs 20 per 100 units The output of each process passes immediately to the next process and the finished units are passed from process C into finished goods. Process Process Process . B Rs Rs Rs Materials consumed 6,000 2,000 4,000 6,000 Direct labour 8,000 1,000 3,000 1,500 Manufacturing expenses 1,000 20,000 units have been issued to process A at a cost of Rs 10,000. The output of each process has been as under: Process A Process B Process Units Units Units Output 19,500 18,800 16,000 There is no work in progress in any process. REQUIRED (a) Prepare process A, B and C accounts. Calculations should be made to the nearest rupee. [15 Marks] (b) Prepare the Scrap account. [5 Marks] (c) What is the difference between normal and abnormal loss in the context of process costing? [5 Marks]