Question 1 ) For Process 1 in ABC Co the following is relevant for the latest period Period cost Ghc4,440 Input 800 units Output 600 fully-worked units and 200 units only 70% complete There were no process losses Required a) Produce the process Account 8 b) Various documents are used at the work place all in effort to sure smooth operations of the business. Discuss using practical example how cost card and time sheet improves on profit and growth of business entities c) The material cost, the labour cost and other cost either direct or overheads makes the total cost of a product or service, before margins are added to arrive at the selling price. Discuss how management of profit margin may lead to a loss or profit in a business entity. d) Process costing is a costing method used when mass production of many identical products takes place. The output of such process may be with a normal loss and some cases abnormal loss. Some normal loss have value whiles oth don't have value. Using practical example evaluate the importance of norm. with value on profit