In process costing when the actual loss is less than the normal loss then it is

Related MCQs

• ………….arises where the actual process loss is less than the normal predetermined process loss.
• If the actual loss is more than the estimated normal loss, then it is
• Where actual loss in a process is less than the anticipated 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……………
• When actual loss is ………………than the estimated loss, the difference between the two is considered to be abnormal loss.
• The method of costing applied in biscuit industries is ………….costing and in steel industry………….costing.
• 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
• …………..process loss should be transferred to costing profit & loss account.
• In process costing, the abnormal loss is treated as ……….cost and written off to profit & loss account.
• When the actual loss is more than the estimated loss, the difference between the two is considered to be………..