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

Related MCQs

• Where actual loss in a process is less than the anticipated loss , the difference b/w the two is considered to be …………..
• Estimated profit on incomplete contract can also be called as ,……………..
• ……………….. process loss should be transferred to costing profit and loss account
• Any loss over and above the normal loss is called
• The difference between selling price and marginal cost is
• When the completion stage of the contract is more than half, the profit to be credited to P/L a/c will be equal to ………………..
• If the value of work certified equal to or more than 90% of contract price, profit to be credited is……………….
• Excess of actual sales over break even sales is …………………
• A………… is useful only when the actual level of activity corresponds to the budgeted level of activity
• In the marginal costing method, the actual amount of fixed overheads is wholly charged to