Budgets statements and Ledger accounts

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#1 Budgeted production costs:

Process 1 (finished):
Material: $480,000 (10,000 units X 4 KG X $12)
Labor: $450,000 (10,000 units X 3 hours X $15)
Prod. OH: $300,000 (10,000 units X 3 hours X $10)

Process 2 (finished):
Material: $189,000 (9,000 units X 3L X $7)
Labor: $450,000 (9,000 units X 5 hours X $10)
Prod. OH: $720,000 (9,000 units X 5 hours X $16)

Process 2 (Work In Process):
Material: $10,500 (1,000 units X 3L X $7)/2
Labor: $25,000 (1,000 units X 5 hours X $10)/2
Prod. OH: $40,000 (1,000 units X 5 hours X $16)/2

#2 Actual

Process 1 ...