If the actual loss is more than the estimated normal loss, then it is

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………..
• In process costing when the actual loss is less than the normal loss then it is
• When actual loss is less 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
• ………….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 ………………..
• 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
• When …………………….is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
• PP Ltd is preparing the production and material purchase budgets for one of their products, The SUPERX for the forthcoming year. The following information is available: Sales demand (units) 30000 Material usage per unit 7 kgs Estimated opening inventory 3500 units Required closing inventory 35% higher than opening inventory How many units of the SUPERX will need to be produced?