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

Related MCQs

• When actual loss is ………………than the estimated loss, the difference between the two is considered to be abnormal loss.
• When actual loss is ………..than the estimated loss, the difference between the two is considered to be abnormal gain
• In process costing, the abnormal loss is treated as ……….cost and written off to profit & loss account.
• ABC Ltd. has prepared the cash budget for the year 2014-2015 and provided the following information pertaining to sales value : Month Rs. April 2014 2,50,000 May 2014 2,80,000 June 2014 3,20,000 July 2014 3,50,000 20% of the monthly sales are expected to be on cash basis. 60% of the credit sales are expected to be realised in the month following the month of sales and remaining 40% are expected to be realized in the second month following the month of sale. The estimated cash receipts in the month of June 2014 are:
• ………….arises where the actual process loss is less than the normal predetermined process loss.
• Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be ………………..
• In process costing when the actual loss is less than the normal loss then it is
• Material losses due to abnormal reasons should be transferred to…………………
• When the actual loss is more than the estimated loss, the difference between the two is considered to be………..
• When actual loss is less than the estimated loss, the difference between the two is considered to be……………