When actual loss is less than the estimated loss, the difference between the two is considered to be……………

Related MCQs

• When actual loss is ………………than the estimated loss, the difference between the two is considered to be abnormal loss.
• When the actual loss is more than the estimated loss, the difference between the two is considered to be………..
• When actual loss is ………..than the estimated loss, the difference between the two is considered to be abnormal gain
• Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be ………………..
• If the actual loss is more than the estimated normal loss, then it is
• ………….arises where the actual process loss is less than the normal predetermined process loss.
• In process costing when the actual loss is less than the normal loss then it is
• An input of 5000kg of material introduced into the process and the expected loss is 8% and if the actual output from the process is 4300, the abnormal loss is …………kg
• Material price variance is the difference between standard and actual prices of materials used multiplied by………………..
• If the amount of work certified is less than………of the contract price, then no profit should be taken to Profit & Loss Account.