Where process scrap is recycled for use in conjunction with new material as well as being so externally, which of the following is most likely to be the value at which is debited to the process?

Related MCQs

• Fifty units are put in a process at a total cost of Rs. 90. Wastage is normally 10% without any scrap value. If output is 40 units the amount of abnormal loss would be-----------
• In August actual material used amounted to 5,650 kg, budgeted output was 1,000 units and standard material usage was 5 kg per unit. Actual output was 1,075 units. If the standard material cost of each product is 25 the material efficiency variance will be:
• Who is most likely to be held responsible for a material price variance?
• A standard that represents the most likely scenario can be referred to as the:
• Which of the following equations can be used to calculate a material price variance?
• Which of the following equations can be used to calculate a material quantity variance?
• The monetary value attributed to normal losses in a process should be:
• An equivalent unit of material or conversion cost is equal to:
• An adverse material usage variance together with a favourable materials price variance could suggest that:
• What term is given to the idea that traditional budgeting should be replaced by a new type of budgeting?