A loss in processing departments which can be avoided under normal and efficient working conditions is generally known as

Related MCQs

• The normal or standard loss in processing department is generally considered
• Materials labor and overhead costs are traced to processing departments rather than individual products or jobs. This statement is true for
• Where the normal loss in a department is identified at the end of process, its cost is :-
• A section of the cost of production report which shows the physical flow of units through various producing departments is usually labeled as
• While preparing the cost of production report of a processing department, use per unit cost from producing department needs to be adjusted when the
• In process costing the abnormal loss occurred in a production department is
• Which of the following system applies when standard goods are produced under a series of inter connected operations?
• Which of the following method is suitable for calculating the cost of inventory when actual costs of individual units of merchandise can be determined from the accounting records?
• Contribution is known as ………..
• In process costing system, when partially completed units are expressed in terms of fully completed units they are known as