Abnormal cost is …………………..

Related MCQs

• In process costing, the abnormal loss is treated as .............. cost and written off to profit & loss account.
• Material losses due to abnormal reasons should be transferred to…………………
• When actual loss is................than the estimated loss, the difference between the two is considered to be abnormal gain
• When actual loss is..........................than the estimated loss, the difference between the two is considered to be abnormal loss.
• 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
• Cost centre and cost unit are……………………
• ……….cost is irrecoverable cost.
• Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ....................................................held during the period
• ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.