Question No.01 (A) Differentiate between Job order costing and process costing. (04) (B) (06) The following production and cost record of Akmal Chemicals for the month of December, 2018 available relating to Department-2. Units received from Department-1 20,000 Units completed and transferred out to Department-3 15,000 Units still in process at the end of December (with 75% material, 50% laborand 25% FOH) 4,000 Units loss 1,000 Rs. 60000 The cost department collected these figures for Department-2 Total costs received from Department-1 Material cost in Department-2 Labor cost in Department-2 FOH cost in Department-2 Rs. 36000 Rs. 25500 Rs. 8000 Required: Prepare a cost of production report with all supporting schedules for Department-2